CLP has acted as legal advisor to Volue AS in connection with its acquisition of the shares in Likron GmbH.
Likron is a leading service provider within algorithmic intraday energy trading on the European Power Exchange and Nord Pool energy exchanges. Likron will service as Volue’s center of excellence for algorithmic trading software and Volue will through the acquisition take a large step towards building a European champion within energy transition.
According to the press release from the company, Trond Straume, CEO of Volue, has commented: «We are pleased to announce the accretive acquisition of Likron to further strengthen our offering within power trading software in Europe. The Likron team pioneered algorithmic trading on the European Power Exchange and provides products perfectly complementing Volue’s power trading offering. By combining our joint capabilities, we will take the pole position in this rapidly growing and changing industry«.
We congratulate the Volue team and the shareholders of Volue.
Further information is available here.