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Announced

Completed

Vortex Capital-backed Energy21 completed the acquisition of Jules Energy and Ecedo.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Netherlands

custom software development

Software

cloud based software

Acquisition

Domestic

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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Vortex Capital-backed Energy21, a provider of data management solutions and operationalizes sustainable energy strategies for energy-intensive industries, completed the acquisition of Jules Energy, a supplier of cloud based software solutions to the energy sector, and Ecedo, a provider of custom software and assist in creating, designing, and implementing business processes. Financial terms were not disclosed. “These two acquisitions align well with Energy21's strategy to be the go-to technology partner for energy companies. By adding the software solutions and expertise we can deepen our product offering and geographic presence. This will allow us to support more clients with more specific solutions in the energy value chain. Together, the group serves approximately 50 customers, from new challengers to established multinationals in Europe and the United Kingdom. What connects the teams? Passion for the energy market, deep expertise, and the ability to deliver business-critical software services securely and effectively. We are very pleased to welcome the knowledgeable teams of Ecedo and Jules," Michiel Kuiper, Energy21 CEO.

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