ABAX acquires RAM track-and-trace and enters Belgian market
In June ABAX completed the acquisition of RAM track-and-trace that will result in ABAX expanding their operations into Belgium and further strengthen its position on the Europe telematics market, adding 29.000 vehicle tracking subscriptions to their portfolio.
- The acquisition is an important step for us to further strengthen our operations and our position in the Europe. With the acquisition ABAX will enter Belgium and expand out operations in Europe, stated Morten Strand, Group CEO of ABAX.
Joining a global network of 350.000 subscriptions
Through the acquisition, RAM customers will get the opportunity with the ABAX solutions to get full access to the ABAX global IoT network, with unprecedented geographic coverage with 350.000 subscriptions in Europe.
- This acquisition represents an excellent opportunity to achieve further growth through scale size, to optimize our services even better and to continue providing sustainable solutions. This will open access for both new and existing customers to the market's most advanced and innovative telematics solutions, Sais Bart Claes, CEO RAM Track-and-traceBart Cleas, CEO, RAM Track-and-trace look forward to be a part of ABAX Group.
The RAM track-and-trace services have been developed to be used for very simple to very complex tracking or equipment management. The services can be linked to third-party software to provide information and insight about vehicles, employee working hours and equipment location.
- Together with RAM track-and-trace high technical knowledge and software functionality ABAX will form a leading Nordic SaaS telematics company and deliver value-added connectivity services to the customers of both companies, commented Morten Strand.
For more information please contact:
Morten Strand, CEO, ABAX
Phone: +47 415 35 316
Bart Claes, CEO, RAM Track-and-trace
Phone: +32 486 25 97 46
Richard Aertssen, Marketing Manager, RAM Track-and-Trace
Phone: +31 655175913
About RAM track-and-trace
RAM track-and-trace is market leader in the construction sector for tracking vehicles, employees and equipment. Providing an all-in-one solution of software, hardware, installation and mobile data communication.
RAM track-and-trace is a reliable partner for numerous organizations, from SMEs, multinationals to government. With a team of more than 25 specialists spread over offices in Utrecht, the Netherlands and Diegem, Belgium, a reliable solution is offered for people, vehicles and equipment. With the data from GPS and connected devices, the data is translated into insightful information thru online interactive dashboards.
ABAX is the second-largest telematics company and one of the largest IoT companies in Europe. Our customer base of 35,000, and more than 350,000 subscriptions are constantly growing within our ABAX Global Network. ABAX is at the forefront of telematics connecting all company assets on an unprecedented level. Our mission is to continually help our customers run their businesses smarter and healthier, making it easy for them to improve efficiency, comply with legislation, and increase profitability. We are represented in Norway, Sweden, Denmark, Finland, the Netherlands, Belgium, Poland and the UK with headquarters in Larvik, Norway.