Powel Metering is a Trondheim-based software company specialised in software for handling data from electric meters (so-called MDM and AMR/AMI solutions) in the Nordic market. Prior to the transaction, the Company was a wholly owned subsidiary of Powel AS.Volaris Group (“Volaris”) today announced that it has completed its ninth acquisition in the Communications and Media vertical with the acquisition of Powel Metering AS and Powel Energy Management AB, pending name change to Avance Metering AS and Avance Metering AB (“Avance Metering”), a spin-off from Powel AS, a leading supplier of software to the energy sector in Scandinavia, based in Trondheim, Norway.
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