SKW Schwarz advises Volue AS on acquisition of Likron GmbH

SKW Schwarz Rechtsanwälte advised the Norwegian Volue AS on the acquisition of the German Likron GmbH. The transaction is expected to be completed by the end of 2020. The transaction strengthens Volue's position as the leading provider of algorithm-based solutions for energy trading in Europe.

Volue AS, based in Oslo, develops and distributes business software and technology services for the energy, power grid and infrastructure markets. The company has more than 2,000 customers in 44 countries worldwide.

Founded in 2010, Likron GmbH is one of the leading service providers in intraday energy trading on the European Power Exchange EPEX and Nord Pool energy exchanges. Likron’s Automatic Execution Service solution manages significant volumes of orders and trades on EPEX, in addition to a high share of the aggregated trading volume from independent software vendors (ISVs) on EPEX Intraday.

“The transition to carbon-free energy production depends on a successful digitalisation of the entire green energy value chain. Volue will take an active role in a much-needed consolidation of a fragmented energy technology market, with a goal of helping customers accelerate the shift to renewable energy” says Trond Straume, Chief Executive Officer of Volue AS.

Advisors to Volue AS:

SKW Schwarz, Munich: Dr. Matthias Nordmann (Lead, M&A), Eva Bonacker (M&A), Alexander Möller (Employment), Dr. Matthias Orthwein (IT & Digital Business), Stefan C. Schicker (IP), Heiko Wunderlich (Tax), David Solberg (M&A), Nikolai Schmidt (IT & Digital Business)