Volue Acquires PowerBot to Lead the Charge in Energy Trading Software

Volue, a leading provider of technology and services driving the energy transition, has finalized its acquisition of PowerBot GmbH, a Vienna-based innovator in algo-trading software. This strategic move significantly strengthens Volue’s position as a dominant force in energy software solutions, particularly within the dynamic European power trading sector.

Expanding Quantitative Trading Capabilities

The acquisition integrates PowerBot’s open and scalable platform into Volue’s existing suite of enterprise-grade trading tools. This addition directly addresses the rising demand for advanced quantitative trading solutions among power traders across Europe, effectively complementing Volue’s existing “Algo Trader Power” offering. By combining their strengths, they aim to offer an unmatched proposition in the market.

PowerBot holds certifications as an Independent Software Vendor (ISV) with major European energy exchanges, including EPEX Spot and Nord Pool. This partnership grants PowerBot access to Volue’s extensive resources and expertise, accelerating its development roadmap and further enhancing the customer experience. Volue’s robust commercial network will also facilitate broader market penetration for the PowerBot platform, reaching a wider customer base.

A Strategic Move for Growth and Innovation

“This deal is a significant milestone on the next stage of our growth journey,” said Trond Straume, CEO of Volue. “PowerBot’s innovative platform uniquely complements Volue Algo Trader Power by extending our offering to quants and accelerating our growth beyond Western Europe. Our firm objective is to become the leading SaaS provider to the global energy system by 2030, and this deal consolidates our already strong position.“

Roland Peetz, SVP of Volue Energy Software, added, “All of us across our industry have admired PowerBot’s success in developing a scalable and modern trading platform. By adding PowerBot to our existing offering of industry-leading products, we create an unrivaled proposition to all our customers’ needs in a fast-moving power trading market.”

A Partnership Built on Shared Vision

Helmut Spindler, CEO of PowerBot, expressed his enthusiasm for the new partnership: “We have witnessed significant growth over the last few years and have been looking for a partner to back us in our next chapter. I strongly believe that there is no better partner than Volue with whom to embark on our next phase of growth. I, together with the whole PowerBot team, look forward to operating under the Volue umbrella. Today’s announcement is great news for energy traders across Europe and will deliver unrivalled performance in algorithm trading alongside a developer-friendly and highly scalable execution platform.”

Integration and Future Outlook

The acquisition will integrate PowerBot employees into Volue, with the PowerBot platform officially becoming part of Volue’s product portfolio in January 2025. This strategic acquisition positions Volue to further solidify its leadership in the energy trading software arena and reinforces its commitment to delivering cutting-edge solutions for the evolving energy market. This includes the growing importance of software and technology within the energy transition, which has implications for EV charging infrastructure and grid management.