ABAX makes strategic acquisition to strengthen its offering to larger fleets
ABAX has made an important strategic move with its recent acquisition of Fleet360, strengthening its offering to larger customers. Adding Fleet360’s advanced fleet administrative tools to ABAX’s growing fleet and asset management product portfolio further enhances its position as a European leader within telematics and smart mobility.
A European telematics leader ABAX AS announced on 13 December 2024 the completion of its acquisition of Fleet360, integrating Fleet360’s fleet administration capabilities into ABAX’s fleet and asset management platform. The acquisition aligns with ABAX´s broader strategy of expanding its portfolio by adding capabilities that complement and enhance its existing fleet and asset management platform.
"This acquisition reinforces our dedication to delivering the most comprehensive fleet and asset management platform in the industry while supporting our ongoing commitment to helping customers save time, money, and resources through data-driven insights," said Emma Dyga, CEO of ABAX. "Fleet360’s solutions are highly complementary to our existing portfolio and bring immense value to our larger customers. These synergies, combined with our successful history of collaboration with Fleet360, paved the way for this strategic acquisition."
By combining ABAX´s robust tracking capabilities with Fleet360’s advanced analytics, the acquisition is set to deliver powerful synergies focused on sustainability and cost efficiency, further enhancing ABAX’s value proposition for enterprise customers.
"For seven years, we’ve developed a best-in-class fleet administration solution that helps customers manage the complexity of larger fleets," said Erik Forssman and Mikael Liljegren, co-founders of Fleet360. "By integrating our advanced solutions into ABAX´s platform, our customers will continue to stay ahead of their operational challenges and maximize efficiency."
“As we continue to innovate on our platform and deliver data-driven, actionable insights to our customers across Europe, Fleet360’s advanced fleet admin tools are a great addition,” said ABAX CPO, John Håkansson. “This acquisition is a strategically important step that will further strengthen our mission to deliver mobility data insights that empower our customers to do more with less.”
For more information on ABAX’s fleet management solutions, visit www.abax.com. To learn more about Fleet360’s advanced fleet administration tools, please visit www.fleet360.se.
For more information, please contact:
Sofia Toll, CMO, ABAX
sofia.toll@abax.com
About ABAX
ABAX is a leading European telematics IoT platform offering connected mobility solutions for vehicle tracking, tool tracking, and equipment control. Our mission is to provide mobility data insights that help customers optimize field operations, comply with regulations, and achieve significant savings. With over 500,000 tracked assets and 40,000 customers, ABAX delivers reliable and powerful solutions for businesses relying on field workforces, logistics, and heavy equipment. Our advanced platform transforms customer needs into actionable insights and automated reporting, driving efficiency and operational excellence.
