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Announced

Completed

Enel and CVC Capital-backed Gridspertise completed the acquisition of Energyworx from EDP Ventures.

Synopsis

Enel and CVC Capital-backed Gridspertise, a technology company, completed the acquisition of Energyworx, an energy data management company, from EDP Ventures, an investment company. Financial terms were not disclosed. "Energyworx has been recognized by Gartner as a visionary in the market for its unique functional and technical offerings as well as the ability to anticipate market transformation. This acquisition represents a further milestone in our growth strategy as Energyworx brings to our customers field-proven Energy & Metering Data Management capabilities and opens up enormous potential to unlock the business value of very high-volume metering and sensor data with impressive real-time capabilities," Robert Denda, Gridspertise CEO.

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