Nordlo recruits Terje Løvstad – to double turnover in expansive Oslo and Drammen
IT group Nordlo has recruited Terje Løvstad as the new CEO of its offices in Oslo and Drammen. Terje Løvstad joins Nordlo from the IT company Braathe, where he worked as COO.
“With a solid background in the IT industry, Terje is perfectly suited to accelerate Nordlo's growth in Norway's most expansive regions. Our goal is to double turnover to NOK 100 million within two years,” says Bjørn André Lerøen, Business Area Manager for Nordlo Norway.
Terje Løvstad, CEO of Nordlo's offices in Oslo and Drammen, and Bjørn André Lerøen, Business Area Manager Nordlo Norway.
Terje Løvstad has more than 20 years of experience in the IT industry, including founding and managing a successful IT business. During his time as COO at Braathe AS, Terje has worked with strategy, digital development and leading and developing sales and technology departments.
“We see great potential in Oslo and Drammen, which are the regions that are growing fastest with new business establishments. They are home to a quarter of Norway's small and medium-sized companies, which are Nordlo's primary target group,” says Terje Løvstad, the new CEO of Nordlo's offices in Oslo and Drammen.
Terje's background matches Nordlo, which has an entrepreneurial organisation with seven different units in Norway. The group has grown by around 13 percent in Norway over the past year, with increased profitability, and currently has a turnover of around NOK 400 million in Norway.
“Nordlo's model of close co-operation with customers and units with high autonomy is different from the industry and has been the basis for the strong growth. I believe my background in leadership and inclusion fits well here,” says Terje Løvstad.
In connection with the recruitment of Terje, the offices in Oslo and Drammen are merged into one legal entity with a turnover of approximately NOK 50 million and 17 employees.
“The merger creates a stronger platform for organic growth, but also future acquisitions. ‘Nordlo is actively looking for profitable, entrepreneurial IT companies, and we have acquired five companies in Norway since 2023,” says Björn André Lerøen, Business Area Manager for Nordlo Norway.
For more information:
Bjørn André Lerøen, Business Area Manager Nordlo Norway, +47 905 29 45, bjorn.leroen@nordlo.com
Terje Løvstad, CEO Oslo and Drammen, +479 589 78 00, terje.lovstad@nordlo.com
Nordlo is one of the leading providers of cloud and infrastructure services in the Nordic region. We offer scalable operational solutions, managed services and full outsourcing of IT and digitalisation services to companies and public sector organisations. Through close cooperation and sustainable choices of innovative technology, we help our customers to strengthen their competitiveness and drive digitalisation forward. Nordlo has a turnover of SEK 2.4 billion and approximately 1000 employees at locations throughout Sweden and large parts of Norway. https://nordlo.com/en
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