Investcorp-backed ABAX to acquire Automile.

Investcorp-backed ABAX, a telematics company, agreed to acquire Automile, a Nordic leader in telematics and internet of things services. Financial terms were not disclosed. "The acquisition is an important step for us to further strengthen our operations and our position in the Nordics, Europe, and globally. Together with Automile, we will be at the forefront of innovation with the most modern, open, and advanced telematics platform," Morten Strand, ABAX CEO.