Arctic Securities acted as financial adviser to the owners of Likron GmbH in relation to the sale of the company to Volue AS

Transaction details:
About Likron:
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- Leading provider of algorithmic trading systems for short-term energy trading market participants
- Headquartered in Munich, Germany
About Volue:
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- 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