Advent, Generation Investment Management and Arendals Fossekompani to acquire Volue for NOK6.1bn.

Investment companies Advent and Generation Investment Management, and Norwegian-based Arendals Fossekompani, offered to acquire Volue, a Norwegian technology company working in the field of energy, power grid, water, and infrastructure, for NOK6.1bn. "We have been following Volue for some time given its strong visibility and prominence in the market. Advent has been investing in the tech sector for over 30 years, and we have been really impressed by Volue and its achievements. As the Company now enters a new growth phase, we believe that a private ownership setting would best enable the company to seize the market opportunity while also addressing the challenges ahead," Douglas Hallstrom, Advent International Director.