E.On Agrees Acquisition Of Matrix

E.On Connecting Energies, the new unit of E.ON focusing on energy efficiency and distributed energy solutions in the B2B sector globally, has agreed to acquire Matrix, the UK market leader in energy management and energy efficiency services for commercial buildings.

The transaction is subject to Austrian merger control clearance and expected to close in October.

Founded in 2003, Matrix has helped corporate customers reduce their energy consumption in commercial buildings by up to 40% through data-led energy efficiency and energy management services, based on its advanced metering and building energy management technologies.

Commenting on the agreement, Tony Cocker, Chief Executive of E.ON UK, said: "This is an important and exciting agreement as it brings together two companies and two teams of people which have great experience in helping their customers.


"Over the coming months and years I am fully confident that by combining these skills with the services we will continue to provide we'll be able to help even more companies and be a success together. As can be seen by looking at any part of our operations in the UK, delivering excellence and helping our customers are absolutely central to what we do. This acquisition completely fits with that."

Herve Touati, CEO of EON Connecting Energies, added: "This transaction is an important strategic move for us, allowing us to expand our position in the fast growing energy efficiency market.

"We see tremendous opportunities from the combination of Matrix's deep data-led building energy expertise with our capital-led energy efficiency and on-site generation capabilities. This will allow us to provide our customers in the UK and continental Europe much greater control of their energy cost."

Ian Kelly, Chief Executive of Matrix, commented: "Getting together with E.ON will make our combined business much stronger. E.ON has the international presence as well as the breadth and depth of energy technology expertise that will allow us to move from a leading national player to a leading global player in the B2B energy efficiency space. We look forward to continuing our significant growth together with E.ON and to facilitating energy savings for an even broader range of customers globally."

(JP/MH)