E.ON completed the acquisition of a majority stake in gridX.

E.ON, a European electric utility company, completed the acquisition of a majority stake in gridX, a cloud based utility solutions provider. Financial terms were not disclosed. "The acquisition of a majority stake in gridX is another step on our path toward the decentralised and, above all, digital energy world of the next decades. Through gridX, we will be able to offer our customers innovative digital energy management solutions for the intelligent energy management of the entire home including the charging of e-cars and enable complete smart neighbourhoods. In this way, we are also enabling our customers to achieve their own sustainability goals and contribute to the success of the energy transition," Thomas Birr, E.ON Chief Strategy & Innovation Officer.