Eneco is again investing in the German market with the acquisition of Nordgröön from Agder Energi, strengthening its energy management activities in Germany. For Eneco, the German market for direct marketing of renewable energy and virtual power plants plays an essential role in becoming a leading player in the energy management market segment. The acquisition of Nordgröön with its network and customer base provides a good basis for this.
The acquisition is still subject to regulatory approvals.
About Eneco
Eneco is a global renewable energy company based in Rotterdam, the Netherlands. It operates in the Netherlands, the UK, Germany and Belgium with more than 2,800 employees (FTE). In 2020, the company generated an EBIT of EUR 163 million.
Further information on the transaction:
About Nordgröön
Nordgröön was founded in 2012 and offers services in direct marketing, energy optimisation, synchronisation and integration of renewable energy sources in Germany. The company handles energy sales on behalf of operators of wind turbines, solar power plants and biogas plants in the German market. The company is based in Medelby in northern Germany, near the Danish border. The company had previously belonged to the Norwegian energy group Versorger Agder Energi and its subsidiary Entelios.
On behalf of Eneco:
Luther, Corporate/M&A: Philipp Dietz, LL.M. (Partner, Lead), Katja Neumüller (Senior Associate), Falco Rohrberg, LL.M. (Associate)
Luther, Energy Law: Dr Angelo Vallone (Partner), David Wölting (Associate)
Luther, Intellectual Property: Dr Katharina Preuss (Senior Associate)
Luther, IT & Data Protection: Dr Michael Rath (Partner), Franziska Neugebauer (Associate)
Luther, Employment Law: Paul Schreiner (Partner), Nina Stephan (Senior Associate)
Luther, Tax Law: Nicole Fröhlich (Partner), Ramona Hubracht, LL.M. (Counsel)
Luther, Real Estate Law: Michael Kunkel, LL.M. (Partner)
Luther, Antitrust Law: Franz-Rudolf Groß, LL.M. (Counsel)
