SANDS assists Key Management in ABAX – acquisition by INVESTCORP

As announced on 6 June 2017 the Key Management has sold its shares in ABAX to INVESTCORP.
7. juni 2017

The team from SANDS has assisted the Key Management in connection with the reinvesting of shares and with the implementation of a new incentive program for the employees. The core team members at SANDS are Joakim M. Hovet (lead partner), Terje Gulbrandsen, Ulf Sørdahl and Per Ragnar Bronken.

The ABAX Group is a leading telematics solution provider developing hardware and software for electronic management systems, fleet tracking and equipment and vehicle control systems and has 350 employees worldwide. The ABAX Group has offices and operations in eight countries: Norway, Sweden, Denmark, Finland, UK, The Netherlands, Poland and China.