Telematics brand ABAX strengthens UK market position through Movolytics acquisition
5th December 2023 ABAX, a leading player in the telematics industry, is proud to announce the successful acquisition of Movolytics, the Cambridge-based fleet management and tracking business.
This pivotal move marks a substantial advancement in ABAX’s growth strategy within the UK, representing the business’s first acquisition in three years, and promising to amplify its revenue base by 50% in this key market.
Commenting on the acquisition, Emma Dyga, CEO ABAX said:
“The integration of Movolytics under the ABAX umbrella signifies a bold step forward in expanding our market reach within the telematics sector. This acquisition is in perfect harmony with our core objectives of sustained growth, continual innovation, and our pledge to deliver exceptional value to our customers.”
Erik Rehn, Head of Sales, ABAX added:
“By welcoming Movolytics into the ABAX family, we are setting the stage for accelerated growth and increased market penetration in the UK. This merger allows us to cater to a larger customer base, enhancing our ability to offer cutting-edge solutions and services across a broader spectrum. With the UK as a strategic focal point, we aim to not only drive development and innovation but also to redefine industry standards from the perspective of both the market and our valued customers.”
Chris Smith, CEO Movolytics commented:
“As the fleet management market continues to evolve with advances in technology and data driven insights, we have been looking for opportunities to take Movolytics to the next level and we are truly excited to have found new owners whose vision we believe in and whose customer focused ethos we share.”
- ENDS -
Anna Edwards
Marketing Manager, ABAX UK and BeNe
anna.edwards@abax.com
ABAX Belgium - https://www.abax.com/be-nl/abax-smart-inventory
ABAX Netherlands - https://www.abax.com/nl/abax-smart-inventory
ABOUT ABAX
ABAX is a mobility data company, redefining telematics. Our mission is to enable business
value from connected mobility data. Our solution is designed to help our customers manage
all logistics for their mobile workforce in one place, and help track, manage and gain insights
from all vehicles, machines, and tools. These insights help lower the total cost of mobility,
improve sustainability and manage the mobile business smarter - to save time, resources,
and money. We call it SMART MOBILITY.
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