Announced
Completed
Financials
Tags
Private
Single Bidder
United Kingdom
Domestic
Completed
energy management
Acquisition
Friendly
Majority
Energy / Utility Services
Synopsis
eEnergy Group, an energy services company, completed the acquisition of UtilityTeam, an energy management business providing comprehensive management, consultancy and procurement services to industrial and commercial clients with a particular focus on large, complex, multi-site portfolios, for £21m. "The acquisition of UtilityTeam, when combined with our existing businesses, gives eEnergy the ability to offer customers a broad range of services and expertise in energy management, energy efficiency and intelligent measurement & analysis. It is in line with our strategy to "buy and build" a portfolio of complementary operations that can take full advantage of market demand for zero carbon energy and energy data," Harvey Sinclair, eEnergy CEO.
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