Acquistion to spearhead Hansen's growth into the European market

Enoro will expand Hansen’s energy footprint in a number of European countries with a quality asset, with dominant market positions and a large installed customer base with a number of Tier 1 utilities.

Enoro has been majority owned by the private equity investor Herkules Capital since 2010.

Enoro is a leading European software provider for the utility sector, providing Customer Information Systems (CIS) and Meter and Energy Data Management (EDM/MDM) solutions. Based in the Nordic countries, the world’s most advanced energy markets, Enoro occupies over 45% market share with more than 300 customers and over 250 employees. The company was founded in 1992 and has offices in Finland, Netherlands, Norway, Sweden and Switzerland. Forecasted revenue of NOK 355m and EBITDA of NOK 59m for 2017

With over 40 years’ experience, Hansen Technologies (ASX: HSN) is a leading global provider of billing and customer care technologies for Utilities, Telcos and Pay TV operators. Employing over 900 experts, Hansen’s proven and scalable solutions enable more than 200 clients to deliver cost-effective end-to-end business initiatives that improve their customers’ experience. Hansen has offices in Australia, USA, New Zealand, China, Denmark, Germany, Argentina, South Africa and the United Kingdom.