The Riverside Company's Montel Group has signed an agreement to invest in SKM Market Predictor, enhancing its analytics and advisory services in the Nordic energy market.

Information on the Target

SKM Market Predictor, established in Trondheim, Norway, in 2003 through a management buyout from the SKM Group, offers analysis and advisory services tailored for the Nordic power and renewables markets. The company's core offering includes its innovative web-based platform, SYSPOWER, which features an array of forecasting and analytics tools beneficial for traders, analysts, portfolio managers, and production planners. The acquisition marks Montel's fourth add-on since Riverside partnered with the firm, indicating a strategic push for growth and enhanced service offerings.

Industry Overview in Norway

The energy sector in Norway is characterized by its substantial hydropower resources, making it a significant player in the European power market. As the country transitions towards more sustainable energy sources, the demand for analytics and advisory services is growing. The market opportunities for data-driven insights into power prices, renewable energy investments, and regulatory compliance are expanding rapidly.

The Nordic region has witnessed a surge in interest regarding the integration of renewables into the power grid, with various initiatives aimed at promoting sustai