Investcorp Acquires Telematics Provider Abax for $210m

Norvestor Equity AS announced today that Investcorp a leading provider and manager of alternative investment products has completed the transaction of European telematics provider ABAX for 1.8 billion NOK ($210M).

ABAX recently reported a 32 percent increase in revenue to NOK 471 million($58,4M). At the start of 2017, the company had close to 200,000 active subscriptions to its service and 25,500 customers.

Category: General Update