Energy One Group to acquire eZ-nergy
Contigo’s parent company, Energy One, has entered into a share purchase agreement to acquire French software company, eZ-nergy.
Headquartered in Paris, eZ-nergy supplies software and services to energy, environmental and carbon trading markets across Europe. As a UK-based supplier of Energy Trading and Risk Management (ETRM) solutions used by businesses in the UK and across Europe, Contigo has been partnering with eZ-nergy for several years, to provide a unified range of solutions serving the European power and gas markets.
Contigo’s and eZ-nergy’s products are highly complementary. The teams at both companies are already working closely together as business partners and have customers in common. The acquisition will bring many opportunities to both Contigo and eZ-nergy and will reinforce both organisations’ strength and footprint in Europe.
Business and operational relationships with clients will remain unchanged, and the eZ-nergy team and founders will remain in place to support and grow ongoing operations.
Legal and operational due diligence has been completed for the acquisition, with final regulatory approvals expected to be received in the next two or three months.
The news comes a year after Contigo was acquired by Energy One Group; a supplier of software products and services to wholesale energy, environmental and carbon trading markets. Listed on the Australian Stock Exchange since 2007, Energy One has a successful track record of providing sophisticated, practical solutions to Australian and international energy market customers.
Energy One: www.energyone.com