E.ON Completes Agreement To Acquire Matrix

E.ON Connecting Energies, the global unit of E.ON focusing on energy efficiency and on-site energy generation for businesses, has announced the completion of its agreement to acquire Matrix, the UK's market leader in management and energy efficiency services for commercial buildings.

The transaction has been approved by the Austrian merger control regulator.

Founded in 2003, Matrix has helped blue-chip corporate and public sector customers to 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.


Matrix currently has 31,000 data connections to customer sites in 22 countries around the world. Currently about 340 staff are employed in nine sites across the UK including its corporate HQ in Manchester and its central Energy Management Centre in Glasgow.

Commenting on the completion of the deal, Tony Cocker, Chief Executive of E.ON UK, said: "This acquisition is hugely helpful for E.ON here in the UK. A key plank of our strategy is to help customers understand their energy use, control their energy use and use only as much they need. Matrix brings us a great skill set to help some of our larger customers."

(CD/IT)