M&A Deal Summary

FSN Capital Acquires Volue Infrastructure

On July 2, 2025, private equity firm FSN Capital acquired software company Volue Infrastructure from Volue

Acquisition Highlights
  • This is FSN Capital’s 6th transaction in the Software sector.
  • This is FSN Capital’s 15th transaction in Norway.

M&A Deal Summary

Date 2025-07-02
Target Volue Infrastructure
Sector Software
Buyer(s) FSN Capital
Sellers(s) Volue
Deal Type Divestiture

Target

Volue Infrastructure

Trondheim, Norway
Volue Infrastructure serves two verticals, water & communities and heavy construction, with a comprehensive software suite providing industry-leading solutions to over 1000 customers. Volue Infrastructure is headquartered in Trondheim, Norway.

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Buyer(S) 1

Buyer

FSN Capital

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

FSN Capital is a private equity firm focused on opportunities in Scandinavia. FSN looks to make control investments in mid-sized companies valued from €50 to €500 million. FSN targets businesses with the potential to 'become international leaders'. FSN Capital was formed in 1999 and has offices in Oslo, Munich, and Stockholm.


DEAL STATS #
Overall 61 of 61
Sector: Software M&A 6 of 6
Type: Divestiture M&A Deals 5 of 5
Country: Norway M&A 15 of 15
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-13 UHL Bau

Wiener Neustadt, Austria

UHL Bau provides civil engineering and underground utility construction for critical infrastructure. The company offers a wide range of services for the construction and maintenance of utility infrastructure for electricity, water, sewage, gas, district heating, as well as fiber optics and telecommunications. UHL Bau was formed in 1966 and is headquartered in Wiener Neustadt, Austria.

Buy -

Seller(S) 1

SELLER

Volue

Oslo, Norway

Category Company
Founded 2018
Sector Information Technology
DESCRIPTION

Volue is a supplier of technology and enabler of the green transition. It offers software, insight, and services that lead the global markets' transition to robust and sustainable services critical for society. Volue was founded in 2018 and is based in Oslo, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2025 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-06 smartPulse

Istanbul, Turkey

smartPulse is an Independent Software Vendor (ISV) at EPEX SPOT, Nord Pool, and various other European energy exchanges, offering a full-suite short-term power trading and battery optimisation platform for asset owners and aggregators across Europe.

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