Tuesday 06, June 2017 by

Investcorp acquires Nordic telematics firm ABAX

Investcorp, a provider and manager of alternative investment products, has completed the acquisition of ABAX Group (“ABAX” or the “Company”), an international market leader in the development and supply of vehicle tracking systems technology, from Norvestor VI L.P. for an enterprise value of approximately NOK 1.8 billion (equal to $210 million based on the current foreign exchange rate).