Norway-based telematics provider ABAX has entered the Belgian market with the acquisition of RAM track-and-trace, which specialises in the tracking of equipment and employees in the construction sector.
Morten Strand, Group CEO of ABAX, said, “The acquisition is an important step for us to further strengthen our operations and our position in Europe.”
RAM customers will be able to access ABAX’s global IoT (Internet of Things) network, which has 350,000 subscriptions across Europe.
Sais Bart Claes, CEO RAM track-and-trace, said, “This acquisition represents an excellent opportunity to achieve further growth through scale, the optimisation of our services and the continued provision of sustainable solutions. This will open access for both new and existing customers to the market’s most advanced and innovative telematics solutions.”
The technology provided by RAM track-and-trace has been developed for both simple and complex equipment tracking and management. The services can be linked to third-party software to provide information and insight about vehicles, employee working hours and equipment location.
Strand said, “Together with RAM track-and-trace’s 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.”