AI-washing – when AI hype becomes a litigation risk
HAKOM is a technology leader in time-series management for the energy industry. Its innovative PowerTSM® technology provides a software platform for managing, analyzing, and processing time-series data collected at regular intervals (e.g. electricity consumption, temperature, or sensor readings) and enables the recording and processing of large datasets within critical infrastructure for the energy transition.
Through this acquisition, Volue enhances its solutions portfolio for energy providers across Europe and strengthens its position as a leading provider of cloud-based software solutions in the global energy sector. The integration of HAKOM's technology enables Volue to respond even more effectively to the specific needs of electricity suppliers and to further drive the digital transformation of the energy industry.
The team, led by partner Maximilian Broermann, is highly experienced in advising on international M&A transactions, particularly for private equity firms and their portfolio companies, and offers deep industry expertise in the energy and digital infrastructure sectors. Hogan Lovells regularly supports strategic projects and makes a significant contribution to fostering digital innovation and transformation in Europe’s energy markets.
The advice for Volue was jointly provided with the Austrian law firm Herbst Kinsky (Vienna).
Hogan Lovells team for Volue AS
Maximilian Broermann (Partner), Jean-Pierre Tschauder (Associate) (Corporate M&A, Frankfurt);
Christian Ritz (Partner, Antitrust, Munich);
Prof. Dr. Fabian Pfuhl (Counsel), Felix Ackermann (Senior Associate) (Data Privacy, Frankfurt);
Moritz Langemann (Partner, Employment, Munich).
Herbst Kinsky team for Volue AS
Philipp Kinsky, Alina Putz, Leopold Gottsauner-Wolf, Valerie Mayer