Powel acquires Elsmart Solutions AS

Powel acquires all shares of Elsmart AS to strengthen its position in the Nordic electric utility market.

In a comment, CEO Bård Benum stated: “We expect a growing activity level within maintenance and renewal of the grid, implementation of Smart Metering communications and meters in Norway, and a start to the development of the smart grid. By acquiring Elsmart with their portfolio of products, services, and expertise Powel will be able to offer solutions that simplify these work processes.”

 

Effective Web solutions

Elsmart offers standardized and efficient solutions for handling of messages and work orders between grid contractors and the utility, over a web based system. In addition, they deliver system solutions for large grid construction and maintenance contracts. The customer base, software and services of Elsmart will complement existing Powel products and services to this market.

“We are pleased that Powel selected Elsmart as part of their strategic investment and we believe Powel will be a strong and professional owner to carry our business forward”, says managing director of Elsmart Solutions AS, Mr. Steffen Syvertsen.

Elsmart AS will be merged into Powel but will continue their operations from their Grimstad office in south Norway.

Associated companies:


Related news

Latest news

USCG confirms OPtimarin in Line for Ballast Water Approval

The United States Coast Guard (USCG) has confirmed that Norwegian ballast water treatment specialist Optimarin has become the first supplier to submit an application for type approval.

New order for Servogear

Servogear announces that they have received a new order from Brødrene Aa. 

Norwater AS reports boost in sales

The Norwater team reports of great interest and busy days in 2016. In a press release, they state that as of the first 8 months of the year, 2016 sales are already beyond target for the year as a whole.

Gaia-facts reaching ground control

The European Space Agency (ESA) has released the first data from the Gaia mission, which has the tremendous task of building the most precise 3D map of the Milky Way.

Polish delegation for Norwegian circular waste management

Against the background of the EU's ambitious waste management targets, Norwegian and Polish stakeholders met on Wednesday 14 September in Drammen.

Milestone at Mongstad Water Treatment Plant

SAR AS reports that an extensive upgrade to the water treatment plant at Mongstad reached a new milestone July. 

Servogear signs new contract with Özata Shipyard

Servogear has announced the signing of a new contract with Özata Shipyard in Turkey. The contract includes the delivery of Servogear Ecoflow PropulsorTMfor two 39 meter passenger catamarans (YN 41 & YN 42).

Statoil and Petrobras strengthen strategic partnership

Statoil reports that they have strengthened their cooperation in Brazil by signing a Memorandum of Understanding (MoU) with Petrobras.

TechInvent and Island Offshore/Centrica announced winners of ONS Innovation Award

TechInvent and Island Offshore/Centrica were announced winners of the ONS 2016 Innovation Awards, at the Innovation Awards Ceremony Tuesday 30 August.