Powel Metering is a Trondheim-based software company specialised in software for handling data from electric meters (so-called MDM and AMR/AMI solutions) in the Nordic market. Prior to the transaction, the Company was a wholly owned subsidiary of Powel AS.
Powel AS, is a Norwegian-based, private company. Powel is a leading supplier of software solutions to the energy, public and contracting sectors. Founded in 1996, Powel has grown to be an international corporation with staff numbering 500 and offices in eight countries.
Volaris is a part of the Canadian listed software conglomerate Constellation. The core business of Volaris is acquiring, strengthening and growing vertical market technology companies like Powel Metering. Constellation has a market cap of around CAD 18 billion.