A high profile company in Peterborough has just completed a major acquisition.
ABAX, which sponsors Peterborough United Football Club’s stadium, in London Road, has just bought Dutch company Trevler.
The purchase of Trevler, a specialist in fleet management in Holland, will help ABAX strengthen its presence in Europe.
The firm, which employs 21 people at Warmington, has refused to disclose the value of the acquisition.
ABAX supplies fleet management technology, which includes software, mileage capture technology and equipment monitoring devices.
Its turnover was £23.5 million last year and the firm employs about 200 people in Norway, Sweden, Denmark, Finland and the UK.
Last November, ABAX agreed a five year partnership deal with Peterborough United, which included the naming the club’s ground as the ABAX Stadium
ABAX UK managing Director Frank Ystenes said: “Our presence in the Dutch market will help support ABAX’s growth ambitions in the UK which has recently seen us secure a large contract with an engineering company.
“This latest purchase shows the commitment of ABAX to grow within markets both organically and through acquisitions.
“ABAX is a very rewarding and fun company to work for and we will be having a further recruitment drive here later in the summer.
“However, we are always looking to recruit exceptional internal and external sales agents as well as for roles in customer support, service and administration.”
ABAX chief executive Peter Quinsgard said: “By attracting Trevler we have every confidence to grow into the biggest provider of vehicle solutions in the Netherlands. “We are looking to rival companies like TomTom, and with the acquisition of Trevler we now own more than a quarter of the Dutch market.”