Masternaut acquired
December 14th 2009

Masternaut Three X, the vehicle tracking specialist, has been acquired by Masternaut International, a subsidiary of Hub Telecom.

The purchase is said to create Europe’s largest fully integrated telematics and mobile resource management organisation.

Masternaut Three X employs 150 people in Leeds, Skipton, Hull and Belfast.

It has nearly 3,000 customers and in the last financial year the company made revenues of £22m and profits of £2m EBITDA.

Martin Port founded Masternaut Three X in 2002 and will remain md.

He said: “This deal creates the largest fleet tracking company in Europe, backed by the experience and resources of Europe’s 2nd largest airport operator.”

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