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SKW Schwarz advises Volue on acquiring the ProCom energy business
From signing of the agreement, a spin-off of the automation business will be conducted and Volue will acquire the entire ProCom Energy business unit. Through the acquisition, Volue will add €3 million in annual recurring revenues, approx. 60 employees and over 60 customers to its business.
The closing of the transaction is expected for September 2021 and will be subject to certain conditions as agreed between the parties.
Volue is a market leader in technologies and services that power the green transition. Over 650 employees work with more than 2000 customers across energy, power grid, water and infrastructure projects that ensure a sustainable, flexible and reliable future. The company is headquartered in Oslo, Norway and active in more than 40 countries.
ProCom GmbH offers consultancy and IT tools throughout the whole value chain from energy production to energy trading. The company is headquartered in Aachen, Germany, and has offices in Cologne and Berlin, serving primarily customers in Germany.
Advisors to Volue:
SKW Schwarz Rechtsanwälte, Munich: Dr Matthias Nordmann (M&A, lead), Eva Bonacker (M&A), Nicole Wolf-Thomann (Commercial), Dr Ulrich Reber (Restructuring), Dr Matthias Orthwein (IT and Data Protection), Dr Stefan Peintinger (IP), Alexander Möller (Employment), Heiko Wunderlich (Tax); David Solberg (Corporate/Commercial)
CLP, Oslo/Norwegen: Lars Gunnar Aas (M&A), Kristoffer Gjesdahl (M&A)