INTPOW member Powel has announced that it has bought the Swiss company Delta Energy AG. The company is based in Basel and the acquisition will strengthen Powel's market position in Europe.
Delta Energy Solution (Delta) is a supplier of software and related services to the energy industry. The acquisition will enable both companies to further develop industry-leading software solutions, and strengthens Powel’s commercial position in key established European markets.
“We are delighted to welcome Delta’s team into the Powel family. We are certain that with close cooperation we will grow our combined companies to deliver more value and even better solutions for our customers. The transaction achieves our stated strategic objective of expanding and diversifying our business into international markets,” says Bård Benum, CEO of Powel AS.