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Acquisition Enova by Vitec Software Group

Vitec Software Group acquired 100% of the shares in Enova Holding B.V. Rembrandt Mergers & Acquisitions assisted the seller in realizing this transaction.

Enova offers and develops a complete energy management software package through its SaaS Energy Management Software (EMS) for the large business market. Clients can either use the software themselves or outsource it to Enova’s team of energy managers for optimal energy management. Additionally, Enova’s Grid Management Service (GMS) can provide grid balancing services for transmission system operators (TSO’s) like TenneT, by pooling the reserves of its customers' energy consumption and/or production units. Enova has over 250 customers in the Netherlands, the United Kingdom, and France. Enova was founded in 2005 and is based in Capelle aan den Ijssel.

More information is available at: www.enova.nl

Vitec Software Group
Vitec, a company listed on Nasdaq Stockholm, is a leading provider of Vertical Market Software in the Nordic region, other European countries, the USA and Japan. Headquartered in Umeå, Sweden, Vitec has 1.350 employees. The company is specialized in the development and delivery of standard niche software, and achieves growth through strategic acquisitions of well-established and well-managed software companies. By leveraging its expertise and experience, Vitec continuously innovates and improves its offerings to meet the needs of their customers' local markets.

More information is available at: www.vitecsoftware.com

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