Enoro AS is a Norway-based provider of customer information system, smart grid, and market interaction solutions for companies operating in the energy sector.
Hansen Technologies Limited has agreed to acquire Enoro Holding AS from Herkules Capital AS, the Norway-based private equity firm headquartered in Oslo, and other shareholders.
Hansen Technologies Limited, the listed Australia-based information technology systems and services provider, headquartered in Melbourne, develops, integrates and supports billing systems software for the utilities (electricity, gas and water) and telecommunications industries and also provides facilities management and outsourcing services. Enoro Holding AS, the Norway-based company, headquartered in Dale i Sunnfjord, is the holding company of Enoro AS. Enoro AS, the Norway-based company, headquartered in Dale i Sunnfjord, provides customer information system, smart grid, and market interaction solutions for companies operating in the energy sector.
The acquisition expands Hansen’s presence into several European countries such as Norway, Sweden, Finland, Germany, Netherlands, Switzerland and Austria. Hansen will benefit from Enoro’s market position. The company will also have access to Enoro’s customer base. Enoro’s technology offerings is an appropriate strategic fit with Hansen. Through this acquisition, Hansen will be able to build upon its European telecommunications footprint. It positions the company to support further deregulation of the energy markets across Eastern Europe. The expertise of Enoro’s employees in the energy markets will also enable Hansen to develop further. Enoro will be able to cross-sell its analytics software to Hansen’s customer base and beyond.
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