Private equity investor The Riverside Company has acquired a majority stake in Montel AS (Montel), a founder and manager owned, Norwegian provider of energy and electricity market information.
Montel, headquartered in Oslo, is a niche market leader with an international footprint, providing energy and electricity market information for energy producers, grid operators, financial institutions, trading firms and industrial end-users. The company’s services are primarily delivered through its proprietary Montel Online platform on a subscription basis, covering energy market news and real-time and historical trading data.
Closing of the transaction is subject to customary regulatory approvals.
