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  5. Abax Acquires FrontTek AS

M&A Deal Summary

Abax Acquires FrontTek AS

On July 2, 2015, Abax acquired software company FrontTek AS

Acquisition Highlights
  • This is Abax’s 1st transaction in the Software sector.
  • This is Abax’s 2nd transaction in Norway.

M&A Deal Summary
Date 2015-07-02
Target FrontTek AS
Sector Software
Buyer(s) Abax
Deal Type Add-on Acquisition

Target

FrontTek AS

Bergen, Norway
FrontTek AS is an IT company develops and sells data collection software with the goal of making field workers order handling less time consuming and paperless.

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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 3 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Norway M&A 2 of 2
Year: 2015 M&A 2 of 2
PREVIOUS 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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