KLAR completed the acquisition of Empower IM from Empower Group.

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.