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Masternaut and Cybit Merge

Masternaut and Cybit are two of the biggest telematics firms in the UK and they have now merged to become one giant telematics company which operates across 32 countries.

The Masternaut brand will be used for the new merged organisation. With these two companies merged they have around 10,000 customers served by a team of 500 employees.

The whole deal has been financed by an American private equity firm called Francisco Partners. Francisco Partners also own Cybit and have done so since 2009 when they bought them out.

With these two large GPS tracking companies becoming one giant firm they should be able to develop new technology much master and also grow the number of assets they track at a much greater pace. How it will benefit existing customers of Cybit and Masternaut remains to be seen.

Quite a few of the larger telematics firms have merged over the past few years and it is not necessarily a good thing for customers. The less companies there are providing vehicle tracking, means the less competition. Less competition is never a good thing for customers. This of course may never become a problem, but it is certainly something to watch out for.

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