EG enhances its market position in the Danish utility sector by acquiring Sonlinc A/S, doubling its revenue and bolstering its software solutions offerings.
Information on the Target
Sonlinc A/S is a Danish IT company specializing in the provision of services and software solutions for the utility sector. With over 30 years of experience in the industry, Sonlinc has developed a robust standard solution, SonWin, which caters to customer service, trading, and billing for various utilities including electricity, water, heat, gas, waste management, and broadband. The company has cultivated deep expertise in the utility sector and maintains strong customer relationships, making it a valuable asset for any organization involved in this field.
Industry Overview in Denmark
The utility industry in Denmark is undergoing significant transformation driven by technological advancements and increasing demand for sustainable practices. Companies are now expected to integrate smart technologies and digital platforms to enhance operational efficiencies and to meet the evolving needs of consumers. This shift towards digital solutions is crucial as customers increasingly prefer seamless interactions and expect real-time information and services.
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Denmark's commitment to renewable energy sources has further influenced the utility landscape, pushing traditional companies to adapt to a more sustainable business model. Major investments in wind energy and other renewabl
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EG A/S
invested in
Sonlinc A/S
in 2019
in a Buyout deal