Mubasher: Investcorp on Tuesday announced that it has completed the acquisition of ABAX Group, an international market leader in the development and supply of vehicle tracking systems technology.
This takeover deal amounts to $210 million based on the current foreign exchange rate, Investcorp said in a statement issued on Tuesday.
At the global level, this transaction is Investcorp’s fourth investment in the telematics sector and the fourth in Scandinavia during the past 18 months.
