Annual report 2016

Powel develops and delivers business critical IT solutions and services to the energy sector, local government and contractors. The energy sector includes power producers, power traders, grid companies and system operators. The group’s head office is in Trondheim, Norway, with several more offices and subsidiary companies at several locations in Norway, Sweden and Denmark. Additionally, there are subsidiary companies in Switzerland, Turkey, Poland and Chile. As per 31.12.2016, Powel is 95,8% owned by Arendals Fossekompani ASA.

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