Energy One is pleased to advise it has entered into a share purchase agreement (SPA) to acquire 100% of the shares of EGSSIS NV, a Company incorporated in Belgium.
Established in 2008, the EGSSIS (pronounced ‘egg-sis’) business has been developed by its Founders to be a significant provider of energy scheduling and nomination software and associated 24/7 trading services to European gas and power market participants.
EGSSIS will join eZ-nergy (and Contigo Software) as a major software vendor in the European Energy Trading and Risk Management markets. In particular, eZ and EGSSIS are highly complementary, offering modern SaaS products and services to customers, while sharing a similar culture of being highly responsive to customers and providing exceptional levels of customer service. Coupled with Contigo’s contracts and derivatives trading software, the transaction enhances our pan-European trading capability in both physical and financial markets.
As well as being complementary, the EGSSIS acquisition offers us strategic opportunities:
- Even broader European reach – eZ, EGSSIS and Contigo now serve markets across 17 European countries
- Enhanced ability to win customers – The Energy One group now comprises of 2 of the 3 vendors in Europe who offer software plus 24/7 operational (bureau) services. Together, eZ and EGSSIS provide 24/7 operational services for 29 customers and software to over 100 customers. The increased capability from merging eZ and EGSSIS will provide a strong offering to existing and new customers
- Building capability for a global 24/7 energy services business. EGSSIS enhances our capability to establish global 24/7 operations (bureau) services and potentially establish an Australian services business to complement Europe
“EGSSIS is a great business, providing high quality software and services to the European energy trading market and we are excited to welcome them into the family. Our European businesses comprise a strong and highly-capable team for pan-European energy trading solutions, assisting customers operating in Europe’s fast-paced 24/7 wholesale energy markets. I’d like to welcome Tom Dufraing, MD of EGSSIS, to our European leadership team, alongside Johann Zamboni of eZ-nergy and headed up by Simon Wheeler, our European CEO” said Shaun Ankers, Group CEO.
European CEO, Simon Wheeler, commented:
“eZ-nergy and EGSSIS are two of the three established European vendors selling software with a service: power and gas scheduling and automated trading software, along with 24/7 “on behalf” operations. This new acquisition will reinforce the Energy One Group strengths, bringing together highly skilled teams with strong market knowledge, high-quality services and a dedicated customer service culture. There are strong synergies between the two companies, which will create an extensive offering to both existing and new clients. We are extremely happy to welcome EGSSIS into the Energy One family and look forward to the next steps in our journey”.
