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ABAX Group Completes Acquisition of Fleetfinder

| December 26, 2017

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ABAX Group has announced the completion of its acquisition of the Danish fleet management company Fleetfinder Aps.

The transaction doubles ABAX’s subscription base in Denmark and takes a leading position in the market.

According to Morten Callessen, CEO Fleetfinder ApS: “I am very pleased with the completion of the acquisition by ABAX. Their technical solutions and know-how of the European and Nordic markets will provide our customer base with great and market specific solutions and products.”

The acquisition of Fleetfinder will add approximately 7 000 subscriptions to ABAX Group’s existing portfolio and bring the total base to approximately 220 000 vehicles. For the Danish branch of ABAX this amounts to a nearly 100 percent increase of its current portfolio and makes ABAX a clear market leader in Denmark.

Along with five employees from Fleetfinder, Callessen will continue with ABAX.

Category: Connected Fleet News, General Update, News

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