Norvestor VI, L.P. has sold ABAX Holding AS, a leader in connected vehicle telematics, to Investcorp for NOK 1.8 billion.
Information on the Target
ABAX Holding AS ("ABAX") is a prominent company specializing in connected vehicle telematics and tracking systems. As an international leader in its industry, ABAX has been instrumental in providing innovative solutions that enhance fleet management, optimize logistics, and improve overall vehicle efficiency. The company's robust technology offerings empower businesses to monitor their assets in real-time, leading to significant improvements in operational efficiencies and cost reductions.
With a strong commitment to quality and customer satisfaction, ABAX has established itself as a trusted partner for businesses seeking advanced telematics solutions. The company's strategic focus on research and development has allowed it to stay ahead of industry trends and address the evolving needs of its clients, further solidifying its position in the marketplace.
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Industry Overview in the Target’s Specific Country
The telematics and connected vehicle industry in Norway has seen significant growth in recent years, driven by advancements in technology and an increasing demand for effective fleet man
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Investcorp
invested in
ABAX Holding AS
in 2017
in a Corporate VC deal
Disclosed details
Enterprise Value: $193M