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  5. Abax Acquires ETRIP AS

M&A Deal Summary

Abax Acquires ETRIP AS

On March 19, 2014, Abax acquired technology hardware company ETRIP AS

Acquisition Highlights
  • This is Abax’s 1st transaction in the Technology Hardware sector.
  • This is Abax’s 1st transaction in Norway.

M&A Deal Summary
Date 2014-03-19
Target ETRIP AS
Sector Technology Hardware
Buyer(s) Abax
Deal Type Add-on Acquisition

Target

ETRIP AS

Sandnes, Norway
ETRIP AS is a manufacturer of electronic trip logs that continuously and automatically write the triplog for the vehicle users. ETRIP has an installed base of approximately 3000 triplog units.

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Buyer(S) 1

Buyer

Abax

Peterborough, United Kingdom
Category Company
Founded 2003
Sector Internet Software and Services
Revenue 143M NOK (2011)
DESCRIPTION

Abax is a designer and manufacturer of electronic trip logs that continuously and automatically write the triplog for the vehicle users. Abax was founded in 2003 and is based in Peterborough, United Kigdom.

DEAL STATS #
Overall 1 of 3
Sector: Technology Hardware M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Norway M&A 1 of 2
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 Trevler BV

Beverwijk, Netherlands

Trevler is a specialist provider within the field of electronic triplogs and fleet management in the Netherlands.

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