18.06.2019

Energy management: e2m change in ownership

Press Release

PDF

The German company e2m, a leader in the field of energy and local flexibility, is changing hands. The current shareholders sell the company and its subsidiaries to the French electricity producer EDF. Luther provided legal advice to the sellers.

Background

19 June 2019

The German company e2m, a leader in the field of energy and local flexibility, is changing hands. The current shareholders sell the company and its subsidiaries to the French electricity producer EDF. Luther provided legal advice to the sellers.

Founded in 2009, energy2market GmbH (e2m) is an aggregator specialising in renewable energies and local flexibility and one of the market leaders in Germany. The company, which has 85 employees, has around 2,000 customers, mainly based in Germany, and manages as well as operates 4,500 networked and decentralised generation and consumption plants. e2m developed highly specialised technical and operational know-how and offers a wide range of services.

New owner Électricité de France SA (EDF) is a listed, state-dominated French company and the world's second largest electricity producer. With the acquisition, EDF aims to become the leading supplier of decentralised energy management in Europe.

A team from Luther Rechtsanwaltsgesellschaft led by partner Dr Thomas Kuhnle provided legal advice on the sale to the current shareholders of e2m, including global commodities trader TrailStone. The transaction still requires the approval of the European competition authorities.

 

For the sellers:

Luther, Corporate / M&A: Dr. Thomas Kuhnle (lead partner), Dr. Michael Krömker (partner), Michael Ströbel, Kamil Flak, Ema Buric, Rares Holonec

Luther, IP / IT: Carsten Senze (partner), Laura Stahmer-Rüdisühli

Luther, Antitrust: Dr. Holger Stappert (partner), Franz-Rudolf Groß (counsel)

Luther, Regulatory: Dr. Rolf Kobabe (partner)

Author
Dr Rolf Kobabe

Dr Rolf Kobabe
Partner
Hamburg
rolf.kobabe@luther-lawfirm.com
+49 40 18067 24680

Dr Thomas Kuhnle

Dr Thomas Kuhnle
Partner
London, Stuttgart
thomas.kuhnle@luther-lawfirm.com
+49 711 9338 19193

Carsten Andreas Senze

Carsten Andreas Senze
Partner
Stuttgart
carsten.a.senze@luther-lawfirm.com
+49 711 9338 25222

Dr Holger Stappert

Dr Holger Stappert
Partner
Dusseldorf
holger.stappert@luther-lawfirm.com
+49 211 5660 24843

Franz-Rudolf Groß, LL.M. (London)

Franz-Rudolf Groß, LL.M. (London)
Counsel
Dusseldorf
franz-rudolf.gross@luther-lawfirm.com
+49 211 5660 18722

Ema Buric

Ema Buric
Senior Associate
Frankfurt a.M.
ema.buric@luther-lawfirm.com
+49 69 27229 24671

Laura Stahmer-Rüdisühli, lic. en droit

Laura Stahmer-Rüdisühli, lic. en droit
Senior Associate
Stuttgart
laura.stahmer-ruedisuehli@luther-lawfirm.com
+49 711 9338 24497

Michael Ströbel, LL.M. (University of Auckland)

Michael Ströbel, LL.M. (University of Auckland)
Senior Associate
Stuttgart
michael.stroebel@luther-lawfirm.com
+49 711 9338 19158