Jul 30, 2026 – 8.36amEnergy One, the provider for energy markets software capitalised at $344 million, has fielded a big bid from Oslo-headquartered, private-equity owned rival Volue.Volue has lobbed a $17 per share scheme bid for Energy One, pegged at a roughly 57 per cent premium to the ASX-listed company’s last traded price, said people briefed on the matter, speaking on condition of anonymity. That would value Energy One at $565 million.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Norwegian suitor lobs $550m-plus bid for ASX-listed software biz Energy One
The developer of energy market specific platforms is capitalised at $344 million, and has fielded a big bid from Oslo-based, private equity backed rival Volue.
Volue, Oslo-headquartered private-equity firm, bids $565M ($17/share, 57% premium) for ASX-listed Energy One, energy markets software provider. The acquisition signals consolidation interest in specialized infrastructure software, suggesting increasing vendor concentration and potential M&A activity targeting niche platforms.







