SKM Market Predictor joins Montel

Wednesday, October 30, 2024 11:55:00 PM

SKM Market Predictor has joined the Montel family!

SKM is thrilled to announce joining forces together with Montel as a part of assets acquisition transaction.

Founded in Trondheim, Norway, in 2003 through a management buyout from the SKM Group, SKM Market Predictor provides analysis and advisory services for the Nordic power and renewables markets. The company’s offering revolves around its web-based platform SYSPOWER, which includes forecasting and analytics tools for traders, analysts, portfolio managers and production planners. In addition to its fundamental models, SKM also offers services including investment analysis, arbitrage assistance, risk management and policy services as well as training and education.

Montel is a leading provider of energy market intelligence, delivering real-time news, data, analytics and consultancy to clients across the global energy sector. With a history of delivering market transparency for more than 30 years, Montel empowers its clients with the knowledge and tools necessary to identify opportunities and make informed decisions in the energy market. In September 2022 The Riverside Company (Riverside), a global investment firm focused on the smaller end of the middle market, acquired a majority stake in Montel, with a plan to grow the organization by capturing market share in a growing sector, developing new products and services and driving geographic expansion, as well as pursuing selective add-on acquisitions.

There will be no changes in the daily operations of SKM or SYSPOWER platforms due to the transaction. The SKM team will continue serving existing and new clients at Montel to enhance current services and develop new offerings across various energy commodities, including gas, power, and environmental markets. This aligns with Montel’s broader vision, enabling both companies to share expertise and create improved solutions for energy market participants across Europe. Starting from November 20th, Montel will take over contractual commitments with clients and vendors. A detailed letter with bank and invoicing information will be sent from Montel.

Tom Nyblin, CEO at Montel, said: “We are very excited about welcoming the SKM Market Predictor team into the group. This acquisition helps to further solidify Montel as the go-to player in the Nordics for energy data, news, and analytics. We can’t wait to get started working together to provide even more value to our combined customer base.”

Viktor Balyberdin, CEO at SKM Market Predictor added: ”Throughout our years of operation in the market, we have consistently maintained a strong collaboration with the Montel team. We are now excited to officially join them. By joining forces with Montel, we anticipate substantial growth in our current product range, as well as opportunities for new developments as part of Montel. The SKM team, across our Trondheim, Oslo, and Helsinki offices, eagerly looks forward to contributing to this accelerated growth alongside Montel”

About SKM Market Predictor:

SKM Market Predictor is an independent and professional provider of energy market analysis and advisory services, providing the cutting-edge solution, SYSPOWER and belonging advisory services. SYSPOWER platform covers the full spectrum of power data and analysis, from intraday to long-term forecasts extending 40 years into the future Through a range of products and services, SKM Market Predictor delivers data and information which enables customers to optimise their decision making around energy trading, production planning, portfolio management, and system operation.

About Montel:

Contact Information for Enquiries:

SKM Market Predictor:

Viktor Balyberdin
CEO
viktor.balyberdin@skmenergy.com
+47 99 59 59 09

Kurt Sveggen
Deputy CEO
kurt.sveggen@skmenergy.com
+47 90 95 30 44

Montel:

Morten Hegna
Manager
morten.hegna@montelgorup.com
+47 917 57 662