Daimler has acquired minority stake in FleetMaster. FleetMaster is a Belgium-based developer of cloud-based fleet and asset management solutions for rental and leasing companies.

FleetMaster offers a cloud-based, customizable software application that enables companies to manage and optimize their fleet and assets. The ERP platform is tailored to the needs of the sector and its customers in a SaaS (Software as a Service) setup.

Frederik De Witte, one of the co-founders of FleetMaster says, “With the strategic investment of Daimler, we are enabling the further global expansion of our technology platform that supports the core back-end processes of major rental and lease companies, OEMs, dealers, automotive banks and alike. We are delighted to welcome Daimler as a partner backing the company in our fast-developing scale-up phase.”

FleetMaster was founded in 2011 by Tom Coene, Frederik De Witte, Willem Dumon and Jochen Firey. It has offices in Ghent and Los Angeles and builds software on a global scale targeted at companies in the asset rental and leasing industry.

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