Hansen Technologies acquires Enoro
Hansen Technologies Limited is pleased to announce the acquisition of Enoro Holding A/S, the Nordic market provider of Customer Information Systems (CIS) and Metre Data Management (MDM) systems for the energy sector.
“We are thrilled to welcome Enoro’s customers and staff to Hansen Technologies. Enoro is the perfect strategic fit for Hansen. It occupies a dominant market position with a large installed customer base, and has an extensive history of sustained growth. We’re excited to have Enoro’s fresh product and technology offerings join our portfolio.
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 Andrew Hansen, CEO.
Hansen acquired 100% of the issued share capital of Enoro A/S (see full ASX announcement here). The acquisition is expected to represent almost 25% of Hansen’s combined worldwide revenue, and will be immediately earnings accretive.