Energy One Group to acquire eZ-nergy
We are very excited to announce that the Energy One Group has entered into a definitive agreement for the acquisition of eZ-nergy.
The transaction is expected to close during the first quarter of 2020.
Established in 2013 by its three founders, eZ-nergy is headquartered in Paris, France with 44 customers in 10 countries and a staff of 20. They provide a robust suite of Software as a Service solutions serving multiple European energy markets and 24/7 operational services on behalf of market participants.
Twelve months ago, Energy One acquired Contigo Software Ltd, a UK based supplier of Energy Trading and Risk Management solutions used by businesses in the UK and across Europe.
eZ-nergy and Contigo have partnered together for several years to provide a unified range of solutions serving the European power and gas markets. The teams at Contigo and eZ-nergy are already working closely together as business partners.
This acquisition will bring many opportunities to both Contigo and eZ-nergy and reinforce both organisations strength and footprint in Europe, backed by a solid, successful parent company.
The business and operational relationship with clients will remain strictly unchanged, and the eZ-nergy teams and founders will remain in place and to support and grow ongoing operations.
The eZ-nergy team will commit to the same responsiveness, high-quality and flexible service its clients have experienced. It will stay focused on European power and gas nomination & scheduling services as well as automated and intraday trading solutions with both software solutions and 24/7 services.
Source - Energy One Group to acquire eZ-nergy
