Announced
Completed
Financials
Sources
Tags
Friendly
BPO services
Acquisition
Completed
Business Process Outsourcing
Single Bidder
Finland
Private Equity
Majority
Private
Synopsis
KLAR, a mid-market private equity firm focused on mission-critical products and services, completed the acquisition of Empower IM, a provider of software and BPO services for smart grids, energy market functions, smart energy metering and utilities, from Empower Group, a services provider to energy, industry and telecom sectors. Financial terms were not disclosed. "The energy intelligence business has a strong position in the market and with its new committed owner, Empower IM Oy is able to expand its business internationally. We believe that KLAR is well-suited to support the company’s growth and has a solid understanding of the energy and utility industries and their respective potential," Mikko Vaahersalo, Empower Group CEO.
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