Company:Volue

From HandWiki
Volue ASA
TypeAllmennaksjeselskap
OSE: VOLUE
ISINNO0010894603
IndustryComputer Software
Founded2020
Headquarters
Oslo, Norway
Area served
Worldwide
Key people
  • Trond Straume (CEO)
  • Arnstein Kjesbu (CFO)
  • Ingeborg Gjærum (CSO)
  • Kevin Gjerstad (CTO)
  • Vigleik Takle (CCO)[1]
ProductsTechnology services for the energy, power grid and infrastructure markets
RevenueIncrease NOK 891.87 million (2020) [2]
Decrease NOK 82.23 million (2020) [2]
Total assetsIncrease NOK 1,472.69 million (2020) [2]
Owner
  • Arendals Fossekompani (63.93%)
  • State Street Bank and Trust Company (6.10%)[3]
Number of employees
650 (2021)[4]
Websitewww.volue.com

Volue is a Norwegian technology company working in the field of energy, power grid, water, and infrastructure, founded in March 2020.

Volue is headquartered in Oslo, Norway, with additional offices in Europe.[5] On October 19, 2020, the company went public and was listed on the Oslo Stock Exchange on 21 April 2021.[6][7]

Volue is developing products which help in renewable energy transition. In May 2021, the company received a grant from state-owned Innovation Norway company to reduce water waste using machine learning and real-time data.[8] For developing a trading platform for energy, Volue was identified as a key innovator by the European Commission under the Horizon 2020 funding programme.[9]

History

Volue was founded in March 2020 through the merger of four Nordic companies: Markedskraft, Powel, Scanmatic and Wattsight.[10][11][12] Volue's main goal is to increase efficiency and promote digitalisation across industries while reducing greenhouse gas emissions and environmental impact.

In October 2020, Volue announced it was preparing for an initial public offering on the Oslo Stock Exchange. Volue's IPO opened on 19 October 2020, trading under the symbol VOLUE.[13]

In December 2020, Volue acquired trading solutions company Likron.[14]

On 21 April 2021, Oslo Børs approves Volue ASA for admission to trading on Oslo Stock Exchange.[15] Starting from 4 May 2021, Volue is listed on Oslo Børs.[16] The company published its first annual report on 14 April 2021.[17]

References

  1. ↑ "Who we are - People of Volue". Volue. https://www.volue.com/who-we-are#people. 
  2. ↑ 2.0 2.1 2.2 "Volue Shares". NASDAQ. http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE224265&symbol=VOLUEo&name=Volue. 
  3. ↑ "Volue Shareholders". http://ir.asp.manamind.com/products/html/shareholders.do?key=vol&lang=en. 
  4. ↑ "Who we are - Volue by the numbers". Volue. https://www.volue.com/who-we-are#volue-by-the-numbers. 
  5. ↑ "Volue's offices". Volue. https://www.volue.com/contact-us. 
  6. ↑ Løland Skarsgård, Marianne. "Volue til Oslo Børs. Oslo Børs godkjenner Volue for opptak til handel på Oslo Børs.". Finansavisen. https://finansavisen.no/nyheter/teknologi/2021/04/21/7659771/volue-til-oslo-bors. 
  7. ↑ "VOLUE ASA". Euronext Live Markets. https://live.euronext.com/en/product/equities/NO0010894603-XOSL/market-information. 
  8. ↑ "Volue awarded NOK 25 million from Innovation Norway for water digitalisation project" (in en). Oslo Børs. https://newsweb.oslobors.no/message/534271. 
  9. ↑ "Energy Trading Platform - EU's Innovation Radar" (in en). https://www.innoradar.eu/innovation/36655. 
  10. ↑ Christensen, Henning. "Merkur-nykommer vil kjøpe ut minoritetsaksjonærer" (in no). Finansavisen. https://finansavisen.no/nyheter/teknologi/2020/10/21/7579225/volue-vil-ha-100-prosent-i-powel-markedskraft-wattsight-og-scanmatic. 
  11. ↑ "Scanmatic becomes part of new green-tech company" (in en). https://www.scanmatic.no/scanmatic-becomes-part-of-new-green-tech-company/?lang=en. 
  12. ↑ "Ett av Trondheims største teknologiselskaper blir del av nytt konsern" (in no). Udresfeabifen. https://www.adressa.no/pluss/okonomi/2020/03/03/Ett-av-Trondheims-st%C3%B8rste-teknologiselskaper-blir-del-av-nytt-konsern-21243859.ece. 
  13. ↑ "New company admitted to trading on Merkur Market" (in en). Euronext Live Markets. https://live.euronext.com/node/3400571. 
  14. ↑ Vilnes, Olav. "Volue to acquire trading solutions firm Likron by year end" (in en). Montel. https://www.montelnews.com/en/news/1169093/volue-to-acquire-trading-solutions-firm-likron-by-year-end. 
  15. ↑ "Oslo Børs approves Volue AS for admission to trading on Oslo Børs" (in en). Volue. https://live.euronext.com/node/4708675. 
  16. ↑ "Volue lists on Oslo Børs" (in en). Euronext. https://www.euronext.com/en/about/media/euronext-press-releases/volue-lists-oslo-bors. 
  17. ↑ "Volue Publishes Its 2020 Annual Report" (in en). Euronext Live Markets. https://www.volue.com/news/volue-publishes-its-2020-annual-report. 




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