UK —This acquisition should boost the company’s position on the UK energy supply market, adding several hundred thousand new customers.

ESB has acquired a leading UK energy supplier, So Energy, in a process to enhance its position in the UK retail market and continue its commitment to delivering clean, secure, and affordable energy to its customers.

The merger of So Energy and ESB Energy (ESB’s UK retail brand) should result in a business serving more than 300,000 customers. The company should continue trading as So Energy with ESB retaining 75% of the new combined entity.

“For nearly 30 years, ESB has successfully operated as a leading independent generator in the UK and built on this with the launch of ESB Energy and ESB EV Solutions in recent years. The merger with So Energy is another significant milestone in our UK business, while further enhancing our customer offering and growth potential. We are really looking forward to integrating with and building a bright future with the So Energy team.” said Marguerite Sayers, Executive Director, Customer Solutions at ESB.

 “We wanted a partner that shared our values and vision to scale our business in a sustainable way and develop more industry leading net zero solutions for our customers. ESB’s resources, strong heritage and significant green energy investments (…) will enable us to do this,” said Simon Oscroft, Chief Executive of So Energy.

The merger is expected to be completed in the coming months.

Source: NS Energy