• Homepage
  • About Arma
  • Sector Expertise
  • Capabilities
  • Global Reach
  • Deals
  • Team
  • Arma Angle
  • News
  • Careers
  • Social Impact
  • Contact

Home / News / Advised Investcorp on its $210m acquisition of ABAX, a leading international telematics vendor, from Norvestor

Advised Investcorp on its $210m acquisition of ABAX, a leading international telematics vendor, from Norvestor

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Investcorp on its acquisition of ABAX Group, an international market leader in vehicle tracking technology, from Norvestor Equity AS for an enterprise value of NOK 1.8 billion ($210 million).

Founded in 2003 and headquartered in Norway, ABAX Group has become one of Europe’s fastest growing technology businesses developing and delivering sophisticated fleet tracking, electronic triplogs, equipment & vehicle control systems and order management systems. The company has around 350 employees, over 25,000 customers and 200,000 active connected vehicle subscriptions, with established operations across the Nordic region as well as in Poland, the Netherlands, the UK and China.

Building on their exceptional success and experience with Fleetmatics, SageQuest and Arvento, Investcorp plan to support ABAX’s international growth both organically and through add-on acquisitions, further expanding the company’s customer base into new geographies as telematics solutions become increasingly relevant in the smart city ecosystem.

This transaction demonstrates Arma Partners’ deep sector expertise in IoT / industrial technology and our ability to work closely with private equity firms to successfully navigate competitive auction processes.

Further Reading

08 April 2025

Arma Partners advises IFS on its investment by Hg, ADIA, CPP Investments and others at a €15 billion valuation

Read More
21 February 2025

Arma Partners advises RAM Tracking on its sale to Kerridge Commercial Systems

Read More
Back to News
Arma Partners logo
  • About Arma
  • Sector Expertise
  • Capabilities
  • Global Reach
  • Deals
  • Team
  • Arma Angle
  • News
  • Careers
  • Social Impact
  • Contact

Arma Partners LLP is authorised and regulated by the Financial Conduct Authority and registered as a limited liability partnership in England and Wales (registered number OC307424. VAT registered number 162087808).

  • Privacy Notice
  • Terms & Conditions of Use
  • Regulatory Disclosure
  • Modern Slavery Act Statement
  • Sustainability
  • Sitemap
  • Employee Privacy Notice

US Arma Partners LP is a FINRA member.

You can check the background of US Arma Partners LP and its registered representatives on FINRA’s BrokerCheck.

Copyright © 2025 Arma Partners Site produced by Skylark