We have acted as the Finnish legal counsel to ASX-listed Hansen Tecnologies Limited in its acquisition of Enoro Holding A/S, a Nordic software provider for the energy sector, for an enterprise value of NOK 620 million. Enoro has been majority owned by private equity investor Herkules Capital since 2010.
Enoro is a leading European software provider for the utility sector, providing Customer Information Systems (CIS) and Meter and Energy Data Management (EDM/MDM) solutions. Based in the Nordic countries, the world’s most advanced energy markets, Enoro occupies a greater than 45% market share with more than 300 customer installations and over 270 employees. The company was founded in 1992 and has offices in Finland, the Netherlands, Norway, Sweden and Switzerland.
With more than 40 years of experience, Hansen Technologies is a leading global provider of billing and customer care technologies for Utilities, Telcos and Pay TV operators. Hansen employs over 900 experts and has offices in Australia, the USA, New Zealand, China, Denmark, Germany, Argentina, South Africa and the United Kingdom.
‘The combination of the two companies under Hansen extends our current Energy footprint to include the world’s most dynamic and mature Energy markets. With solutions supporting customers in Norway, Sweden, Finland, Germany, Netherlands, Switzerland and Austria, the acquisition of Enoro will bolster Hansen’s strong European presence. The acquisition positions Hansen as a competitively stronger company with significantly greater scale in the European energy market,’ said Hansen CEO Andrew Hansen.
