A Dutch company which provides data for the energy sector has bought a º£½ÇÊÓƵ business to help it expand over here. Energy21 has bought Loughborough software provider Jules Energy.
The Dutch business is a growing tech partner for European energy companies and the deal takes its workforce to more than 100.
Energy21 has established itself as a leading technology partner for European energy companies and consumers. It counts German chemicals giant BASF and Swedish renewables company Vattenfall among its clients and has an annual turnover of around 20 million Euros.
It said that by adding Jules’ software to its service it will be able to help more business customers independently manage their electricity and gas supplies and help energy suppliers serve customers better.
Alongside the Jules deal, Energy21 has also acquired Dutch software company Ecedo.
Jules chief executive Jos den Broeder said: “The acquisition of Jules by Energy21 will enable us to further grow our business and to offer a wider range of software solutions to existing and new customers in the º£½ÇÊÓƵ and Europe.
“Becoming part of the Energy21 group brings a strong brand with an impressive track record to the º£½ÇÊÓƵ.
“This positions Jules even better towards the energy supplier market, giving business prospects of at least doubling revenues in the next two years.â€
Energy21 chief executive Michiel Kuiper said: “These two acquisitions align well with Energy21's strategy to be the go-to technology partner for energy companies.
“By adding the software solutions and expertise we can deepen our product offering and geographic presence.
“This will allow us to support more clients with more specific solutions in the energy value chain.
“Together, the group serves approximately 50 customers, from new challengers to established multinationals in Europe and the United Kingdom.
“What connects the teams? Passion for the energy market, deep expertise, and the ability to deliver business-critical software services securely and effectively. We are very pleased to welcome the knowledgeable teams of Ecedo and Jules."
The acquisitions were supported by majority stakeholder Vortex Capital Partners.
