Transaction details:

 About Likron:

    • Leading provider of algorithmic trading systems for short-term energy trading market participants
    • Headquartered in Munich, Germany

 About Volue:

    • Norwegian software provider focusing on the Energy markets
    • Listed (by Arctic) on Merkur Market in October 2020 with current market cap of NOK 5.2bn

 Transaction overview:

  • Likron will become the center of excellence within algorithmic trading within Volue
    • Partly settlement in shares in Volue
    • The project is a result of efficient intra-department collaboration; sourced by Harald & the renewables team and executed by M&A team