Portfolio company Volue aquires Powerbot to consolidate its position as an energy software leader

The acquisition of PowerBot’s scalable and open platform complements Volue’s strong existing enterprise-grade trading solutions by addressing the needs of a growing class of quantitative power traders across Europe.
 

PowerBot is a certified Independent Software Vendor (ISV) at EPEX Spot, Nord Pool and various other European energy exchanges. The company will benefit from Volue’s resources and expertise to further accelerate its development and improve its customer experience over the coming years. Volue’s commercial teams will bring the PowerBot platform to existing customers across its portfolio.
 

On the deal, Trond Straume, CEO, Volue, said: “This deal is a significant milestone on the next stage of our growth journey. PowerBot’s innovative platform uniquely complements Volue Algo Trader Power by extending our offering to quants and accelerating our growth beyond Western Europe. Our firm objective is to become the leading SaaS provider to the global energy system by 2030 and this deal consolidates our already strong position.”
 

Roland Peetz, SVP of Volue Energy Software, said “All of us across our industry have admired PowerBot’s success in developing a scalable and modern trading platform. By adding PowerBot to our existing offering of industry-leading products, we create an unrivaled proposition to all our customers’ needs in a fast-moving power trading market.”
 

Helmut Spindler, CEO, PowerBot, said: “We have witnessed significant growth over the last few years and have been looking for a partner to back us in our next chapter. I strongly believe that there is no better partner than Volue with whom to embark on our next phase of growth. I, together with the whole PowerBot team, look forward to operating under the Volue umbrella. Today’s announcement is great news for energy traders across Europe and will deliver unrivalled performance in algorithm trading alongside a developer-friendly and scalable execution platform.”
 

The acquisition will see PowerBot employees join Volue. From January 2025, PowerBot will join Volue’s product portfolio. 
 

About Volue   

Volue is a market leader in technologies and services that power the green transition. Based on 50 years of experience, Volue provides innovative solutions, systems, and insights to industries critical to society. Its employees work with more than 2,500 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 is active in 40+ countries.   

Volue is owned by Arendals Fossekompani, Advent International and Generation Investment Management

About PowerBot  

PowerBot is a market leading SaaS provider for algorithmic trading on short-term power markets headquartered in Vienna. The company was founded in 2020 and currently has 25 employees that deliver services to 85+ customers in 26 countries that trade on 9 European power exchanges.