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| Name | Symbol | Market | Type |
|---|---|---|---|
| Michelin Compagnie Generale Des Etablissements Michelin (PK) | USOTC:MGDDY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.27 | -1.56% | 17.06 | 16.83 | 17.26 | 17.19 | 16.90 | 16.95 | 1,500,809 | 21:04:40 |
From Feb 2020 to Feb 2025
By Olivia Bugault
Compagnie Generale des Etablissements Michelin (ML.FR) said Thursday that it has signed an agreement to acquire telematics provider Masternaut.
The aim of the acquisition is to accelerate the deployment of its group's telematics offerings in Europe, The French tire maker said.
Telematics is a field which includes technology used for the tracking of vehicles.
The company didn't disclose the financial details of the deal.
Masternaut provides onboard telematics solutions for vehicle fleet management and monitoring and operates primarily in the U.K. and France.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
May 16, 2019 02:44 ET (06:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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