ABAX
Founded Year
2007Stage
Acquired | AcquiredValuation
$0000About ABAX
ABAX operates as a telematics company in Europe and offers solutions for logbook, tool tracking and equipment control. ABAX enables business insights and values from mobility data by converting customer needs into technology solutions. The company serves clients across industries that include construction, transportation, municipalities, rental, electro, plumber/plumbing and landscape gardeners. It was founded in 2007 and is based in Larvik, Norway.
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Research containing ABAX
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CB Insights Intelligence Analysts have mentioned ABAX in 2 CB Insights research briefs, most recently on Jan 7, 2021.
Latest ABAX News
Feb 28, 2023
Revenue for the quarter of 190,6 M NOK representing a growth of 6% from Q4 2021, Adjusted EBITDA of 71,5 M NOK for the quarter. For more information please contact: Morten Strand, CEO, ABAX John Ole Moe, CFO, ABAX Mobile: +47 95 26 87 01 ABAX enables business insight and value from connected mobility data. By translating the customers' needs into advanced technology solutions, ABAX unlocks company data potential. ABAX is one of the largest IoT companies with solutions for mileage claim, tool tracking, and equipment control with over 500.000 tracked units all over the world. In 2020 ABAX started a journey expanding into developing mobility data solutions entering new verticals like insurance and leasing being the preferred data provider for the B2B industry on a wider scale. ABAX solutions help our customers run their businesses smarter and healthier, making it easy for them to improve efficiency, comply with legislation, and increase profitability. We operate across Europe, with over 350 employees working from our facilities in Norway, Sweden, Denmark, Finland, the Netherlands, Belgium, Poland, and the UK. Our Head Office is in Larvik, Norway.
ABAX Frequently Asked Questions (FAQ)
When was ABAX founded?
ABAX was founded in 2007.
Where is ABAX's headquarters?
ABAX's headquarters is located at Hammergata 20, Larvik.
What is ABAX's latest funding round?
ABAX's latest funding round is Acquired.
Who are the investors of ABAX?
Investors of ABAX include Investcorp and Norvestor Equity.
Who are ABAX's competitors?
Competitors of ABAX include Motive and 5 more.
Compare ABAX to Competitors
Decisiv provides service relationship management (SRM) solutions for commercial assets in trucking and transportation, coach, construction, power generation, and other on- and off-highway, heavy-duty equipment markets. Its cloud-based software, mobile applications, and services enable enterprises, government entities, leasing and rental companies, and service providers to manage, monitor, and report on service and repair event interactions independent of asset type, service provider, or device. The company was founded in 2001 and is based in Glen Allen, Virginia.
Preteckt provides automotive prognostics software. The platform analyzes raw sensor data, using machine learning algorithms to identify issues at an early stage, get the repair in time, improve technician efficiency and reduce maintenance costs for clients to identify issues and fix them. The company was founded in 2015 and is based in Memphis, Tennessee.
FleetUp Online is a fleet management system. Users can log into an account to see all the data from the fleet of vehicles, laid out in a way so it's easy to understand.
WOOCAR is a navigation app that aims to minimize risky driving and environmental impact. The app uses sensors and big data to take into account the user's driving style to come up with the safest route.
DriveTrust is a French AI startup that offers dual dash cameras that records and evaluates what is happening in the cockpit and outside of the road and combines it with sensor data for evaluating the driving.
LocoNav is an integrated vehicle management platform offering a vehicle tracking system, FASTag, and AIS 140 certified GPS trackers services.
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