![]() The addition of Automile bolsters ABAX’s growth platform, bringing together a highly complementary portfolio of telematics solutions that will leverage ABAX’s global IoT network. The transaction represents ABAX’s third and largest add-on acquisition since Investcorp’s investment in 2017 and has positioned the combined group as a global telematics leader with more than 360,000 subscriptions, according to a press release on Monday. To learn more, please visit Investcorp announced that its portfolio company ABAX, the leading telematics solutions provider in the Nordics, has acquired Automile, a Nordic-based provider of telematics and internet of things (IoT) services. Our mission is to continually help our customers run their businesses smarter and healthier, making it easy for them to improve efficiency, comply with legislation, and increase profitability. We are represented in Norway, Sweden, Denmark, Finland, the Netherlands, Belgium, Poland and the UK with headquarters in Larvik, Norway. Our customer base of 40,000, and more than 440,000 tracked assets are constantly increasing our ABAX Global Network. ABAX is at the forefront of telematics connecting all company assets on an unprecedented level. ĪBAX is the second-largest telematics company and one of the largest IoT companies in Europe. To learn more about HERE, please visit and. #Abax automile driversBy leveraging our open platform, we empower our customers to achieve better outcomes - from helping a city manage its infrastructure or a business optimize its assets to guiding drivers to their destination safely. HERE, a location data and technology platform, moves people, businesses and cities forward by harnessing the power of location. #Abax automile driverWe also look forward to supporting ABAX as it expands into the insurance industry, providing the necessary location data to draw driver behavior scores and adapt premiums to the real-time performance of any given driver,” said Dieter Lange, Head of Partner Organisation EMEAR at HERE Technologies. ![]() Together, we are helping customers position their assets, analyze how vehicles are being driven and know when they need servicing. “We are pleased to be serving a European market leader in telematics. By partnering with HERE, we will strengthen this position even further, opening up a range of potential new services through the HERE partner eco-system,” said Paul Walsh CTO at ABAX. “ABAX is uniquely positioned as the leading, independent, telematics solutions platform, providing connectivity, simplicity and data consolidation by harnessing our Open IoT Gateway. In order to keep on exceeding its clients’ expectations, ABAX will now be using HERE geocoding, map tiles, routing, speed limits and route matching. Automile and RAM track-and-trace, two companies ABAX has recently acquired, will also be using HERE maps.ĪBAX provides robust telematics solutions to optimize fleets of vehicles, analyze driving behavior, manage mileage claims and track tools, equipment and machinery with GPS systems. ![]() ABAX, the leading telematics company with more than 40,000 customers and 440,000 connected assets, announced today that it is switching to HERE Technologies, the location data and technology platform, as default map provider. ![]()
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