Volue Acquires Likron to Create Algorithmic Trading Powerhouse
Volue announces the agreement to acquire Likron GmbH (Likron) to strengthen the position as the leading provider of algorithmic power trading solutions in Europe.
We Rename Our Group Companies and Reveal A New Identity
We created Volue with the ambition to lead the market’s transition to robust, safe, and sustainable technology services critical for society.
Volue: Financial Results For Third Quarter 2020
(Oslo, 13 November 2020) Volue AS (Volue, OSE: VOLUE-ME) reported revenues of NOK 209 million in the third quarter of 2020 (Q3 2019: 189) and an EBITDA of NOK 40 million (30), of which recurring revenues amounted to 63 percent in the period. Volue reiterates the ambition of creating a NOK 2 billion revenue company by 2025 with EBITDA margins towards 30 percent.
Volue Strengthens Wind Power Competence
Volue acquires all the shares in Meventus Aps, the Danish subsidiary of Meventus AS, which supplies wind metering equipment and off-grid power supply solutions to wind farms.
Volue Invites to Company Presentation
Volue AS (Volue, OSE: VOLUE-ME) invites investors, analysts, and journalists to an open company presentation on 15 October 2020 at 12:00 prior to its listing on Merkur Markets.
NOK 1,000 Million Private Placement Successfully Completed
Volue is pleased to announce that the Private Placement (as defined below) has been successfully completed with a total transaction size of NOK 1,000 million through the allocation of 31,250,000 shares at a price of NOK 32.00 per share.
Providing Market Access to Profitable Nordic Intraday Markets
A Norwegian hydropower plant increased revenues from electricity production by 50 percent when accessing the intraday power market, compared to using the day-ahead market alone.