ABAX (Investcorp) Acquires Automile
November 16, 2020
Investcorp-backed ABAX has acquired Automile, a Nordic telematics and IoT fleet-management provider, to strengthen ABAX’s telematics platform and scale its global footprint. The deal combines complementary telematics portfolios to create one of Europe’s largest telematics players by subscriptions and expands ABAX’s capability and geographic coverage.
- Buyers
- ABAX, Investcorp
- Targets
- Automile
- Platforms
- ABAX
- Industry
- Telecommunications
- Location
- Sweden
- Transaction Type
- Addon
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