Sale of Likron GmbH to Volue AS

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:

    • 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

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