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Newsletter 50
Masternaut joins Europe-wide group
Masternaut Three X, one of Britain’s leading telematics specialists, has been acquired by the owners of Masternaut International, its French-based counterpart. The enlarged organisation is said to be the biggest vehicle tracking company in Europe. Although sharing the brand identity and some technology with Masternaut International, the UK company has always been a separate business. It was founded in 2002 by Martin Port, a British businessman who had previously worked in the UK telematics sector. In 2006 it acquired Three X Communication, which was then owned by GE, and subsequently adopted the joint identity that it retains to this day. It now employs 150 people at four UK sites (Leeds, Skipton, Hull and Belfast), and has a stake in Masternaut Australia. The buyer is Hub telecom, a specialist telecom division of Aéroports de Paris, which is said to be Europe’s second-biggest airport operator. Hub telecom acquired Masternaut International only this year from Sanef, a European toll road technology company. Martin Port remains managing director of the UK company, where he is joined as chairman by Frederic Dupeyron, deputy chairman of Masternaut International.
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