With the two businesses now building on the existing partnership first agreed in 2017, bringing Energy Quantified in-house complements Montel Group's vision and growth strategy perfectly. By combining the strengths, expertise, and resources of both companies, this acquisition is poised to unlock new avenues of innovation and deliver a more seamless user experience.
"We are thrilled about this deal and the opportunities it brings," said Tom Nyblin, CEO at Montel Group. "The integration of Energy Quantified's capabilities with our own will enable us to better serve our customers and address evolving market demands. Thanks to the talent and experience which will now become a part of Montel Group, we are excited to continue building the energy market’s go-to analytics products.”
CEO of Energy Quantified, Hugo Birkelund said: "This is a natural progression as part of the longstanding partnership between our two businesses. From our beginnings as three energy sector experts, setting out to improve the availability of market data in the European energy sector, Montel has been a key stakeholder in enabling our growth. I would like to extend my thanks to the entire team at Montel Group for playing a big role in helping EQ reach our current position and look forward to what we can achieve by bringing both businesses together.”
Both companies are committed to ensuring a seamless transition for customers, partners, and employees. Clients of Energy Quantified can expect continued support and a smooth integration process moving forwards. Both Montel Group and Energy Quantified will continue to drive even greater success and value for all stakeholders involved.
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