- Resource booster for powercloud and its customers
- Global software provider Hansen increases market share in Germany
Hansen Technologies (stock exchange code ASX: HSN) (“Hansen”) has acquired all shares in powercloud GmbH from the previous shareholders, KAREMHA Holding and the growth investor General Atlantic. This gives Hansen greater access to the broader German market and expands its product portfolio. powercloud, in turn, receives additional resources and expertise as part of the listed and globally active Hansen group of companies and thus strengthens its position as a leading billing platform in the energy industry.
Global utilities and telecommunications software and services provider Hansen, headquartered in Melbourne, Australia, will continue and expand collaboration with all employees, customers and partners. Hansen will take over all rights and obligations of powercloud GmbH from February 1, 2024.
Founded in 1971, Hansen currently has customers in over 80 countries, served by a global team in 25 offices. powercloud will thus become part of a diversified company that has extensive resources to support and further advance powercloud’s goals as a leading SaaS provider in the energy industry and those of its customers. With the acquisition, Hansen expands its product offering in the German energy sector and expands its market reach, with the overall goal of driving digital transformation and operational excellence in the industry.
Richard Wiegmann, CEO powercloud, sees great potential in the merger: “powercloud has developed into a leading and important billing platform in the German energy industry in recent years. We are pleased to have found the right opportunity with Hansen to be able to continue and expand our success both in Germany and in other markets in the future.”
Andrew Hansen, Managing Director Hansen, said: “The acquisition of powercloud is a key milestone as we continue to execute on our strategy to be the leading provider of software and services to the energy industry worldwide. The billing specialists impressed us with their technology and professionalism and the German market is of crucial importance to us.”
Christopher Apfel, Vice President General Atlantic, commenting on the sale of the company: “After a five-year partnership with powercloud, we are pleased to hand the company into the hands of Hansen Technologies. This strategic handover marks the beginning of a new chapter for powercloud, under the leadership of a partner that is ideally positioned to drive the next phases of growth to support and advance the company.”
About Hansen Technologies
Hansen Technologies (stock exchange code ASX: HSN) is a leading global provider of software and services to the energy, water and communications industries. With its award-winning software portfolio, Hansen helps customers in over 80 countries develop, sell and deliver new products and services, manage and analyze customer data, and drive key revenue management and customer support processes.
Further information can be found at www.hansencx.com
