Brady plc has announced its conditional acquisition of Viz Risk Management Services AS for Kr 92.5 million, aimed at enhancing its offerings in the energy trading software sector.
Target Company Overview
Brady plc has announced its conditional acquisition of Viz Risk Management Services AS ("Viz"), a privately-owned software provider headquartered in Bergen, Norway. Established in 1992, Viz has positioned itself as a leader in the Energy Trading and Risk Management (ETRM) sector, serving a diverse client base across Europe, including prominent energy producers and traders. The acquisition is set to take place for a total consideration of Kr 92.5 million (approximately £9.6 million) in cash, with completion expected in December of this year.
Viz's flagship product, the Elviz ETRM, will serve as Brady's primary offering to the energy market. This solution supports trading and risk management across multiple commodities, including electricity, gas, coal, and emission certificates. The integration of Viz’s products into Brady’s existing suite is aligned with the company’s strategy to provide comprehensive “single source – single view” solutions, thereby enhancing its product portfolio and customer engagement across various commodity sectors.
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Industry Overview in Norway
The energy sector in Norway is characterized by a strong emphasis on sustainability and the development of renewable energy sources. As one of the largest producers of hydropower in Europe, Norway has a well-established energy market that i
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Disclosed details
Transaction Size: $12M