Jönköping, Sweden, 6 October – Through its Swedish subsidiary, Powel Energy Management today announced that it has purchased Taxber AB, an IT consulting firm based in Östersund, Sweden, specializing in customized systems for electricity and district heating companies. The purchase includes Taxber’s customer base which Powel will support by hiring new staff, including five new positions planned in the next year.
“With this acquisition, we are strengthening our product offering and providing our customers a complete solution that covers the entire process from meter to cash,” says Mats Ekelund, CEO of Powel Energy Management.
For some time, Powel has shown interest in Taxber AB to complement its own product portfolio of Customer Information Systems. Today the purchase is a reality. Until now, customers have used different systems to manage the process from meter readings to billing the customer. Going forward, all systems that support this process from meter to cash can be delivered and supported directly from Powel.
“The acquisition of Taxber will allow us to support utilities we have not worked with previously and our existing customers will benefit from a lower overall cost as a direct result of managing the entire value chain. Taxber has developed a unique and fully customized system for electricity and district heating suppliers. We will continue to develop these systems to become more process-oriented using work flows to increase efficiency and improve customer service, "says Mats Ekelund.
There are major changes happening in the energy sector and more will follow in the district heating sector as a result of increasing regulation. This will place even greater demands on IT systems in the future, explained the founders of Taxber. As part of the purchase the founders will be involved in the business for three years to facilitate and support Powel’s acquisition and daily operations of the Taxber product suite. The Taxber acquisition also includes system and support responsibility for its fifteen customers using Taxber solutions today.
‘Taxber is a small organization and now is the time to merge with a company that has more expertise and power to develop our solutions further and support our customers." says Per-Erik Magnusson, a founder of Taxber.
For more information
Mats Ekelund, CEO, tel: 070-288 20 60 070-288 20, e-mail: mats.ekelund @ powel.se
About Powel Energy Management
Powel Energy Management, headquartered in Jönköping, Sweden, delivers business-critical software solutions and related services specifically designed to help energy companies improve daily operational processes and service quality. Experience in IT systems and customer knowledge helps our customers gain better control, resulting in increased profitability, improved environmental quality and reliable service to energy consumers. Powel Energy Management is a wholly owned subsidiary of Powel AS, a market leader in smart metering, generation, grid maintenance and water management solutions. Founded in 1996, Powel AS is a privately traded company with more than 240 employees. For more information visit www.powel.se
About Taxber
Taxber AB was founded in 1998 by SVESAB, Ostersund and Lars Carlquist Engineering Office, Salt Lake-Boo in Sweden. Taxber started creating solutions for five district heating utilities. In connection with the deregulation of the electricity market that began in November 1999 Taxber also started the developing solutions for electricity grid system. The company has always had the attitude that the best systems are developed collaboratively to achieve the synergies necessary to offer value and build strong, long-term cooperation with its customers.