ABAX AS and Greater Than AB reach final settlement in ongoing legal disputes.

30.07.2026 | ABAX AS and Greater Than AB have today entered into a settlement agreement, resolving all outstanding disputes between the two companies, including the proceedings before the Stockholm District Court in case nos. T 17624-24 and T 2535-25. Under the terms of the settlement, ABAX AS will pay Greater Than AB a total amount of SEK 64 million during the third quarter of 2026. Greater Than's original claims in the two disputes amounted to approximately SEK 820 million, excluding interest.

The settlement is a commercial resolution of the disputes and does not constitute any admission of liability or wrongdoing by either party. As part of the settlement agreement both parties confirm that no infringement of Greater Than’s intellectual property rights has occurred. Both companies consider the matters fully resolved. The parties have also agreed not to pursue any further claims against each other arising from their previous contractual relationship.

“We have consistently maintained our position throughout this process. At the same time, extensive legal proceedings involve significant costs and uncertainty for all parties involved. This agreement allows us to put the dispute behind us and focus fully on developing our business and creating long-term value forABAX's customers, partners, and shareholders," says Emma Dyga, CEO of ABAX.

For more information please contact:

Sofia Toll, CMO, ABAX

Email:press@abax.com

 

About ABAX

ABAX Group is a leading provider of connected mobility and smart operations solutions, serving more than 40,000 customers across Europe. Our scalable, easy-to-use platform tracks and manages every asset in real time, helping businesses optimise operations through adaptive intelligence and actionable insights. We support customers in construction, utilities, logistics, manufacturing, and more, to work smarter every day. ABAX also enables Usage-Based Insurance (UBI) by sharing fleet driving data with trusted insurers to reward safer driving.

This information is information that ABAX Group AS is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 2026-07-30 10:09CEST.