ABAX Group today announces the completion of its acquisition of Fleetfinder Aps. ABAX doubles its subscription base in Denmark and takes a leading position in the market.
“I am very pleased with the completion of the acquisition by ABAX. Their technical solutions and know-how of the European and Nordic markets will provide our customer base with great and market specific solutions and products. We look forward to become part of the ABAX Group”: said Morten Callessen, CEO Fleetfinder ApS.
The acquisition of Fleetfinder will add approximately 7 000 subscriptions to ABAX Group’s existing portfolio and bring the total base to approximately 220 000 vehicles. For the Danish branch of ABAX this amounts to a nearly 100 percent increase of its current portfolio and makes ABAX a clear market leader in Denmark.
Along with five employees from Fleetfinder, Morten Callessen has agreed to continue his work in ABAX. He has also chosen to reinvest in ABAX Group and will be an important part of the company moving forward. Morten Callessen brings with him more than 18 years of experience from the industry. The terms of the transaction are not disclosed.