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. ABAX is switching to HERE Technologie as default map provider.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.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. By 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. We 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 mapsĪBAX provides robust telematics solutions to optimize fleets of vehicles, analyze driving behavior, manage mileage claims and track tools, equipment and machinery with GPS systems. Larvik, Norway and Amsterdam, The Netherlands – 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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