Acquisition supports market expansion in Europe
Powel AS announced today that it has acquired the Swiss company Delta Energy Solution (Delta), a supplier of software and related services to the energy industry. The acquisition will enable both companies to further develop industry-leading software solutions, and strengthens Powel’s commercial position in key established European markets.
“We are delighted to welcome Delta’s team into the Powel family. We are certain that with close cooperation we will grow our combined companies to deliver more value and even better solutions for our customers. The transaction achieves our stated strategic objective of expanding and diversifying our business into international markets,” says Bård Benum, CEO of Powel AS.
Delta will continue to operate its software and solution development under the ownership of Powel. The Basel location will also become the main office for Powel in the DACH region (Germany, Austria, Switzerland), and will be staffed to serve new and existing Powel customers.
“We are excited about joining forces with Powel. This is a great opportunity to partner with a successful organisation that has the experience and expertise to support the growth in our market and is like-minded in its approach to offering customer-oriented solutions and services”, says Karl Imhof, CEO of Delta Energy Solution. “Together, our two companies have great potential to serve the energy market with the best decision support systems, industry expertise, and future innovations. We look forward to building on the established Delta organisation in order to deliver and support a comprehensive portfolio of solutions”.
This acquisition complements the Smart Generation portfolio within Powel, enabling the delivery of a seamless work process support for production planning and trading for customers operating anywhere in the world. The acquisition will also enable both companies to grasp new business opportunities to further support customers’ needs in a changing European power market. The newly acquired office in Basel will serve as an important centre of business operations for customers in Switzerland, Germany and Austria.
For more information, please contact:
Arnt Sollie, VP Smart Generation Solutions, Powel
+47 481 64 598
Dr. Karl Imhof, CEO, Delta Energy Solution
+41 (0)61 270 87 39
Powel AS, headquartered in Trondheim, Norway, delivers business-critical software solutions and related services specifically designed to help energy companies and public utilities improve daily operational processes and service quality. As a world-leading supplier of software solutions for hydropower production planning, Powel is uniquely qualified to provide expert modelling and optimisation consulting services. Founded in 1996, Powel AS is a privately held company with more than 250 employees. For more information visit www.powel.com.
About Delta Energy Solution
Delta Energy Solution AG, located in Basel, Switzerland, is an industry-leading vendor of software and services for energy companies. Founded in 1999, the company focuses on business critical solutions for scheduling and logistics, capacity planning, trading and contract management for both electricity and gas markets. The flagship software product DeltaXE is a state-of-the art, modular, customizable solution supporting core business processes for major customers. Delta has 26 employees. For more information, visit www.delta-energy.ch.