Volue has acquired HAKOM Time Series for an undisclosed amount, marking a significant corporate acquisition in the energy technology sector. HAKOM Time Series, with over 30 years of specialized expertise, is a prominent partner in the energy industry, focusing on the management of time-stamped data, known as time series. This acquisition sees Volue integrating HAKOM's established technology and customer base.
HAKOM has built a strong reputation since 1991, serving over 100 customers across 15 countries through more than 150 successful projects. Its core business revolves around making the elementary particles of the energy industry – time-stamped data – controllable and valuable. The company's innovative basic technology is crucial for validating, monitoring, and analyzing Big Data from diverse sources, delivering timely and useful results in a rapidly changing market. HAKOM's competence is particularly vital as time series data becomes increasingly important for future developments like Smart City initiatives, Industry 4.0, and IoT.
This strategic acquisition allows Volue to enhance its capabilities within the energy sector by incorporating HAKOM's deep domain knowledge and advanced time series management solutions. HAKOM's decades of experience in mastering the complexities of time series in a disruptive energy market environment align with the growing need for robust data infrastructure. The integration is expected to strengthen Volue's offerings by leveraging HAKOM's ability to enrich time-stamped data, transforming numbers into actionable values.
The combination of Volue and HAKOM Time Series is anticipated to create synergies that will enable the combined entity to address the evolving challenges of the energy industry more comprehensively. By integrating HAKOM's specialized technology, the acquisition positions Volue to capitalize on the booming market for time-stamped data, providing enhanced solutions for managing the critical information that underpins modern energy systems and related future technologies.