![]() ![]() ![]() ![]() The subsidiary companies, RAM and Automile are also certified "We are never done with working with ISO – there’s always room for improvement! Each year the ISO audits provide us with opportunities for improvement, and we really value the collaboration with NEMKO." "We deal with our clients’ and candidates’ most sensitive information and we need to verify that our processes are the best in class."īy implementing and following the necessary steps to comply with these standards, organisations can identify, control, and eliminate security risks, and certify the security practices adopted within their organisation. Titta Bjerck, Quality Compliance Manager at ABAX comments: In 2017, the company was acquired by Investcorp to support its growth strategy by capitalizing on the fragmented and expanding market for telematics solutions.ĪBAX represents Investcorp’s fourth investment in the region, with other notable investments including SageQuest and Fleetmatics.ABAX has been approved to continue using three different ISO certifications by NEMKO including 9001 Quality Management, 14001 Environmental Management, and 27001 Information Security Management.īy meeting the extensive criteria of these standards, ABAX proves its commitment to protecting sensitive information, engaging in the environment, and consistently delivering quality outcomes for customers and employees. ABAXĪBAX was founded in 2003 with a focus on GPS vehicle tracking. Our acquisition demonstrates confidence in the growth potential of the new combined entity, and we look forward to working together to accelerate our growth ambitions in the years to come,” Mr. “Together with Automile, we will be at the forefront of innovation with the most modern, open, and advanced telematics platform. ABAX has delivered consistent growth and we believe that the company is well-positioned for the future with a proven acquisition playbook in an expanding addressable market.”Ĭommenting on the acquisition, the Group CEO of ABAX, Morten Strand, stated that the current deal is a significant step for the company’s plan to further expand its operations in the Nordics, Europe and globally. “We backed ABAX to acquire Automile as the transaction enhances ABAX’s leadership position in the highly fragmented and growing telematics market, which we believe remains underpenetrated despite increased rates of adoption. The combined groups will be positioned as the second-largest telematics player in Europe in terms of the number of subscriptions and ABAX will be allowed to offer both new and existing customers a wide range of value-added connectivity services with huge geographic coverage. The current merger of Automile will leverage ABAX’s growth platform as well as strengthens the company’s global IoT network.Īccording to the company’s statement, the transaction has been completed by making the merger groups prominent players in the telematics industry with over 360,000 subscriptions. The Bahrain-based global asset manager, Investcorp’s portfolio company ABAX has acquired Automile, Nordic region-based telematics and Internet of Things (IoT) services provider firm.ĪBAX is one of the largest telematics solutions providers and the first in the Nordics. ![]()
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