Press Release, December 17, 2024

Metzum provides modular SaaS solutions for billing and invoicing through its product, Moment. The solution, which is tailored for electricity suppliers, utility companies, district heating providers, and broadband providers, automates processes and handles large volumes of data.

“We are proud of the progress Metzum has made in collaboration with Rieber & Søn and its employees over the past five years. Metzum will continue to be an important supplier partner for the Elmera Group,” says Arnstein Flaskerud, Executive Vice President of Strategy, Sustainability, and M&A at the Elmera Group.

“On behalf of Metzum, I would like to thank the Elmera Group for their valuable contributions as a co-owner and key customer. With Rieber & Søn as a strong, long-term owner, we look forward to the future. We will work actively to further develop our strong partnership with the Elmera Group,” says Johnny Haugsbakk, CEO of Metzum.

Strong Growth and Nordic Expansion

Since its founding in 2020, Metzum has grown significantly and now has over 30 employees in Norway and Sweden.

The past 1–2 years have been eventful. Metzum has won several major contracts with electricity suppliers in Norway. The company is system-approved as a supplier in Sweden and Finland, and billed its first customers in Sweden in the spring of 2024. The company has long been investing in and adapting its Moment product for utility companies. In the fall of 2024, Moment was adopted by its first utility customers, and Moment is now ready for a market that is expected to offer significant opportunities for further growth.

An important part of the transition to a new ownership era with Rieber & Søn is that key employees at Metzum will remain with the company.

“Together with Metzum’s highly qualified employees, we look forward to driving further growth and success. These employees have been instrumental in the company’s development, and their expertise will ensure continuity in this new phase,” says Trond Valvik, Chief Investment Officer at Rieber & Søn and Chairman of the Board at Metzum.

A company built from the ground up

Since 2020, Metzum has built a solid organization and customer base, growing to become the largest provider of settlement solutions in Norway’s electricity trading market. With strong growth in the Nordic market, new technological solutions, and a long-term owner in Rieber & Søn, the company is well-positioned to meet future challenges and opportunities.

“Metzum is an outstanding example of what can be achieved with the right combination of technological innovation, dedicated employees, and strategic owners. We look forward to realizing the company’s full potential in the years ahead,” Haugsbakk concludes.