Press release —
Telenor Connexion enters next phase of growth with strengthened board and leadership team
Stockholm, Sweden, October 8, 2026 – Telenor Connexion, the company behind the Telenor IoT brand, today announces changes to its board of directors and executive leadership team following the strategic partnership between Telenor Group and Verdane. The appointments mark an important first step in the company’s next phase: focused on accelerating global growth through organic development, innovation, and value-creating M&A.
The new board brings together deep industrial experience, proven technology-scaling capabilities, and continued owner commitment. Pekka Lundmark, former President and CEO of Nokia and former leader of industrial companies including Fortum and Konecranes, will serve as independent Chair. Ingrid Wistrand joins the board bringing extensive industrial IoT expertise, including experience as co-founder and former CEO of Tele2 IoT and COO of Deutsche Telekom IoT, as well as eHealth experience from Cambio. Morten Weicher joins as board member representing Verdane, bringing the firm’s experience in M&A, active ownership and scaling technology companies internationally.
Dan Ouchterlony, Tom Hvammen and Liv Ingeborg Blekkerud will continue as responsible from Telenor Corporate Development, providing continuity. Telenor Connexion will continue to leverage Telenor’s industrial platform, including relationships, network access and expertise in telecom, security and AI.
Telenor Connexion also announces the appointment of Jesper Bruksner as Chief HR Officer. Jesper brings experience from scaling global technology companies, including leadership experience from companies such as Klarna and Kry, and will play a key role in supporting the company’s growth journey, organizational development and ability to attract and develop talent globally.
“This is the first visible step in the strategic partnership between Telenor Group and Verdane, and it underlines our ambition to accelerate from a strong starting point,” says Mats Lundquist, CEO of Telenor Connexion. “We are building on a company known for quality, reliability and exceptional customer satisfaction. With the combined strengths of Telenor and Verdane, we have a unique opportunity to bring more innovation to our customers and strengthen our position as a leading global IoT service provider.”
The strategic partnership combines Telenor Group’s global reach, relationships, network access and telecom expertise with Verdane’s capital, transaction experience, and active ownership model. Together, the owners bring both industrial capabilities and committed growth capital to support Telenor Connexion’s continued development, including innovation in services, international expansion and selective acquisitions.
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About Telenor IoT
Telenor IoT is a global leader in managed IoT connectivity, helping companies securely connect, manage and scale connected products and services around the world. The company supports organizations of all sizes - from global enterprises and automotive leaders managing millions of connected devices to companies looking for a simple, scalable and secure connectivity solution.
With more than 20 years of IoT experience, a global sales presence across the Nordics, EMEA, the Americas and APAC, and over 30 million connected devices in operation across more than 200 countries and territories, Telenor IoT is a trusted partner to leading enterprises such as Volvo Cars, Scania, Hitachi, Verisure and Great Wall Motors. The company is recognized for its deep IoT expertise and consistently high customer satisfaction.
