SmartestEnergy, a U.K, retail energy supplier which is entering the U.S. market as first reported by EnergyChoiceMatters.com (story here), announced the acquisition of retail supplier Dual Energy in the U.K., which SmartestEnergy described as, "the Smart Meter business energy supplier."

"Complementing their award-winning I&C electricity supply business, this deal enables SmartestEnergy to take their leading customer service to smaller businesses with Non-Half Hourly meters, laying the foundations for the transition to net-zero," SmartestEnergy said

The acquisition builds on an existing, longstanding relationship where SmartestEnergy has been providing wholesale market access services to Dual Energy

"Dual Energy are a competitive small business supplier with a real focus on installing smart meters to improve the quality and efficiency of business energy supply contacts. Both organisations have a strong customer ethic and recognise the role that consultants play in the energy market, so the acquisition creates value for both sides," SmartestEnergy said

"The business will continue to operate from Worthing and customers will be unaffected by the change," SmartestEnergy said

Robert Groves, CEO of SmartestEnergy, said, “SmartestEnergy was the original asset-lite energy company building a business model around a leading customer experience. This acquisition enables us to expand our business reach as we continue to drive a smarter transition to net-zero carbon economy”.

Louise Wapshare, VP of Supply, said, “This is a really exciting opportunity for SmartestEnergy to support the unique business model that Dual Energy have in this difficult to reach business segment, using our strengths to accelerate their activity to disrupt the business energy market”.

Ben Giddings, Dual Energy’s CEO, said, “The acquisition means we will continue to drive business smart meter adoption. SmartestEnergy’s commitment to our business is good news for our partners and customers as we scale up our plans at this exciting time”.

Tags:
M&A   U.K.   SmartestEnergy  

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