Abax Holding AS
Investment date: September 2012
Industry: Tech-Enabled Services
Fund: Fund VI
Exit Date: June 2017
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As a Norvestor portfolio company, Abax emerged as a market leader for corporate-car fleet-control products and solutions. Norvestor acquired the company in 2012, after having identified the trip log market as an attractive investment opportunity and developed a relationship with the Abax management team some time prior to this. Through a combination of strategic initiatives, add-on acquisitions in and outside the Nordic region, and through leveraging a strong sales culture, the company built a leading European position.