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Press release: ista acquire Brunata Varmemåler Service AS in Bergen

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ista acquires Brunata Varmemåler Service AS and strengthen its position in Bergen.

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Press release: ista acquire Brunata Varmemåler Service AS in Bergen

  1. 1. Press release           ista has entered into an agreement to acquire Brunata Varmemåler Service AS and strengthen its position in Bergen. Oslo, 22. December 2015. As part of our growth strategy in Norway, ista has entered into an agreement to acquire Brunata Varmemåler Service AS in Bergen. This acquisition will bolster ista’s position as the market-leading supplier of products and services for sub-metering. Since its inception in 1969, Brunata Varmemåler Service AS has maintained a stable and sound customer portfolio. In connection with this acquisition, the former owner of the company, Sven-Arne Jensen, has been hired by ista Norge AS as Area Manager and will continue to serve his good, loyal customers. The acquisition will provide customers in Bergen with a number of opportunities to simplify their daily lives and gain a better overview of their energy consumption, both as regards reading and visualising data. ista and Brunata Varmemåler Service are a good match from a corporate standpoint, as they are already familiar with each other’s technology and different customer segments. “For us in ista, Brunata Varmemåler Service is the perfect candidate for collaboration. The company is very well-managed and has a good reputation in the market. This, combined with the fact that the former owner wants to continue with us as an employee, is very valuable for us as a company and all existing customers in the Bergen area,” says Espen Karlsholmen, managing director of ista Norge AS. “We are looking forward to further developing the market in cooperation and can promise a technological boost within the collection and visualisation of consumption data for heat and hot water”. About ista ista is a leading company within energy efficiency services for buildings. Our products and services help reduce energy, the emission of harmful greenhouse gases and costs linked to energy. ista has specialised in the collection of data, preparing distribution accounts for energy and visualising energy data. Metering systems for heat and hot water are the point of departure for the delivered services, combined with advanced communications solutions. The company has more than 4,700 employees in 25 countries around the world and assists residents in more than 12 million apartments in reducing their energy consumption and costs. In 2014, ista saw a turnover of EUR 781.2 million. For more information about ista, please see: www.ista.com Contacts for further information: Espen Karlsholmen Managing director Tel.: +47 45 40 03 21 E-mail: espen.karlsholmen@ista.no Benny M Mathiesen Chair of ista Norge AS and CEO Region North Europe Tel.: +45 22 88 14 15 E-mail: benny.mathiesen@ista.dk

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