volue

{{Short description|Norwegian company}}

{{COI|date=June 2021}}

{{Infobox company

| name = Volue ASA

| logo = Volue.svg

| logo_caption = Volue logo

| logo_size = 220px

| type = Allmennaksjeselskap

| ISIN = {{ISIN|sl=n|pl=y|NO0010894603}}

| traded_as = {{ose|VOLUE|NO0010894603}}

| foundation = 2020

| location_city = Oslo, Norway

| area_served = Worldwide

| key_people = {{Unbulleted list|Trond Straume (CEO)|Arnstein Kjesbu (CFO)|Ingeborg Gjærum (CSO)|Jörg Lienhardt (CTO)|Melanie Abt (CCO){{cite web|url=https://www.volue.com/who-we-are#people|title=Who we are - People of Volue|publisher=Volue|access-date=24 June 2021}}}}

| industry = Computer Software

| products = Technology services for the energy, power grid and infrastructure markets

| revenue = {{profit}} NOK 891.87 million (2020) {{cite web|url=http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE224265&symbol=VOLUEo&name=Volue|title=Volue Shares|publisher=NASDAQ|access-date=24 June 2021}}

| net_income = {{decrease}} NOK 82.23 million (2020)

| assets = {{increase}} NOK 1,472.69 million (2020)

| owner = {{Unbulleted list|Arendals Fossekompani (63.93%)|State Street Bank and Trust Company (6.10%){{cite web|title=Volue Shareholders|url=http://ir.asp.manamind.com/products/html/shareholders.do?key=vol&lang=en|access-date=24 June 2021}}}}

| num_employees = 650 (2021){{cite web|url=https://www.volue.com/who-we-are#volue-by-the-numbers|title=Who we are - Volue by the numbers|publisher=Volue|access-date=24 June 2021}}

| homepage = [http://www.volue.com/ www.volue.com]

}}

Volue is a Norwegian technology company working in the field of energy, power grid, water, and infrastructure, founded in March 2020.

Volue is headquartered in Oslo, Norway, with additional offices in Europe.{{cite web|url=https://www.volue.com/contact-us |title=Volue's offices |publisher=Volue |access-date=24 June 2021}} On October 19, 2020, the company went public and was listed on the Oslo Stock Exchange on 21 April 2021.{{cite web|url=https://finansavisen.no/nyheter/teknologi/2021/04/21/7659771/volue-til-oslo-bors |title=Volue til Oslo Børs. Oslo Børs godkjenner Volue for opptak til handel på Oslo Børs. |publisher=Finansavisen | last=Løland Skarsgård|first=Marianne|date=21 April 2021 |access-date=24 June 2021}}{{cite web|url=https://live.euronext.com/en/product/equities/NO0010894603-XOSL/market-information |title=VOLUE ASA |publisher=Euronext Live Markets |access-date=24 June 2021}}

Volue is developing products which help in renewable energy transition. In May 2021, the company received a grant from state-owned Innovation Norway company to reduce water waste using machine learning and real-time data.{{cite web|url=https://newsweb.oslobors.no/message/534271|title=Volue awarded NOK 25 million from Innovation Norway for water digitalisation project|publisher=Oslo Børs|access-date=25 June 2021|language=en}} For developing a trading platform for energy, Volue was identified as a key innovator by the European Commission under the Horizon 2020 funding programme.{{cite web|url=https://www.innoradar.eu/innovation/36655|title=Energy Trading Platform - EU's Innovation Radar|access-date=25 June 2021|language=en}}

History

Volue was founded in March 2020, through the merger of four Nordic companies: Markedskraft, Powel, Scanmatic and Wattsight.{{cite web|url=https://finansavisen.no/nyheter/teknologi/2020/10/21/7579225/volue-vil-ha-100-prosent-i-powel-markedskraft-wattsight-og-scanmatic|title=Merkur-nykommer vil kjøpe ut minoritetsaksjonærer|publisher=Finansavisen|last=Christensen|first=Henning|date=21 October 2020|access-date=24 June 2021|language=no|archive-url=https://web.archive.org/web/20201031110350/https://finansavisen.no/nyheter/teknologi/2020/10/21/7579225/volue-vil-ha-100-prosent-i-powel-markedskraft-wattsight-og-scanmatic|archive-date=31 October 2020}}{{cite web|url=https://www.scanmatic.no/scanmatic-becomes-part-of-new-green-tech-company/?lang=en|title=Scanmatic becomes part of new green-tech company|access-date=24 June 2021|language=en|archive-url=https://web.archive.org/web/20201205081336/https://www.scanmatic.no/scanmatic-becomes-part-of-new-green-tech-company/?lang=en|archive-date=5 December 2020}}{{cite web|url=https://www.adressa.no/pluss/okonomi/2020/03/03/Ett-av-Trondheims-st%C3%B8rste-teknologiselskaper-blir-del-av-nytt-konsern-21243859.ece|title=Ett av Trondheims største teknologiselskaper blir del av nytt konsern|publisher=Adresseavisen|access-date=24 June 2021|language=no}} Volue's main goal is to increase efficiency and promote digitalisation across industries while reducing greenhouse gas emissions and environmental impact.

In October 2020, Volue announced it was preparing for an initial public offering on the Oslo Stock Exchange. Volue's IPO opened on 19 October 2020, trading under the symbol VOLUE.{{cite web|url=https://live.euronext.com/node/3400571|title=New company admitted to trading on Merkur Market|publisher=Euronext Live Markets|access-date=24 June 2021|language=en}}

In December 2020, Volue acquired trading solutions company Likron.{{cite web|url=https://www.montelnews.com/en/news/1169093/volue-to-acquire-trading-solutions-firm-likron-by-year-end|title=Volue to acquire trading solutions firm Likron by year end|publisher=Montel|last=Vilnes|first=Olav|access-date=24 June 2021|language=en}}

On 21 April 2021, Oslo Børs approves Volue ASA for admission to trading on Oslo Stock Exchange.{{cite web|url=https://live.euronext.com/node/4708675|title=Oslo Børs approves Volue AS for admission to trading on Oslo Børs|publisher=Volue|access-date=24 June 2021|language=en}} Starting from 4 May 2021, Volue is listed on Oslo Børs.{{cite web|url=https://www.euronext.com/en/about/media/euronext-press-releases/volue-lists-oslo-bors|title=Volue lists on Oslo Børs|publisher=Euronext|access-date=24 June 2021|language=en}} The company published its first annual report on 14 April 2021.{{cite web|url=https://www.volue.com/news/volue-publishes-its-2020-annual-report|title=Volue Publishes Its 2020 Annual Report|publisher=Euronext Live Markets|access-date=24 June 2021|language=en}}

References