We acquired Abax in 2012, having identified the trip-log market as an attractive investment opportunity. When we began to work with the entrepreneurs at Abax, our first task was to prioritise the available opportunities. Together, we drew up a plan to enhance and widen the range of products and services Abax offered, and to grow by attracting new customers and moving into new regions. With Norvestor as a partner, Abax expanded its operations from two to seven countries. The company's enhanced services went on to include fleet control, equipment control and mobile workforce scheduling. It became the Nordic leader in corporate-car fleet-control products and solutions.
- Investment date: September 2012
- Exit date: May 2017
- Industry: Tech-enabled services
- Fund: Fund VI