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ABAX appoint ex Fleetmatics Senior Finance Executive as CFO

Press Release   •   Apr 20, 2018 08:26 BST

Left to right: Bjorn Erik B Helgeland, David Norton and Andrea Davis

David Norton who spent 10 years as the Director of Finance & Administration EMEA/APAC at the GPS vehicle tracking company Fleetmatics has accepted the new role in ABAX. Mr Norton will be based at its global HQ in Larvik, Norway and will oversee all financial aspects of the business globally.

Solid and experienced background

Bjørn Erik Helgeland, Chief Operating Officer in ABAX Group, said: “We are pleased that David has accepted the role as CFO. He has a very solid background and we are happy to have him on the team”.

Mr Norton was involved from Fleetmatics start-up through to the company's IPO on the New York Stock exchange in 2012 which raised $132 million and the eventual sale to US telecom giant Verizon in 2016 for $2.4 billion. Recently, he was working as CFO at Irish Ed Tech company Shaw Academy, the leading provider of online education to global students.

“I’m very excited about this opportunity, and continuing the amazing growth trajectory at ABAX, and being able to help shape the journey”, says David Norton.

Satisfied with the appointment

Commenting on the appointment, Bjørn Erik Helgeland, Chief Operating Officer in ABAX Group said: "We are delighted to welcome David. He brings with him extensive experience of leading finance functions across the international financial telematics industry. This is also an important part of our strategic efforts to maintain and strengthen our position in the market. Together with the board and the wider executive team, I look forward to working with him”.

For further information:

Petter Quinsgaard, CEO, ABAX Group, +47 909 12 277,

Bjørn Erik Helgeland, COO, ABAX Group, +47 980 71 000,

About ABAX

ABAX is a solutions provider for the connected workspace. Backed by Investcorp, ABAX is one of the leading companies in Europe within the telematics and IoT-industry. Through smart solutions, ABAX connects your workspace by offering a variety of products and services. These services enables businesses to boost productivity, reduce costs while keeping oversight, and also increase performance among leaders and employees. All solutions are offered and delivered as Software-as-a-Service. ABAX has 450 employees and offices in Norway, Sweden, Denmark, Finland, United Kingdom, the Netherlands, Germany, Poland and China. The company headquarters are based in Larvik, Norway.  

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