Cologne – The Dutch energy group Eneco has purchased the North German green energy direct marketer Nordgröön. Luther Rechtsanwaltsgesellschaft provided comprehensive legal and tax advice for the transaction. Eneco has been a client of Luther for many years: among other things, the law firm advised Eneco in 2017/2018 on the acquisition of the green power provider Lichtblick. In 2019, the group subsidiary Eneco eMobility acquired the German chargeIT mobility GmbH with Luther's support. Most recently, Luther also supported Eneco Ventures in its investment in Installion GmbH, a provider of services in the PV market.
Eneco is again investing in the German market with the acquisition of Nordgröön from Agder Energi, strengthening its energy management activities in Germany. For Eneco, the German market for direct marketing of renewable energy and virtual power plants plays an essential role in becoming a leading player in the energy management market segment. The acquisition of Nordgröön with its network and customer base provides a good basis for this.
The acquisition is still subject to regulatory approvals.
Eneco is a global renewable energy company based in Rotterdam, the Netherlands. It operates in the Netherlands, the UK, Germany and Belgium with more than 2,800 employees (FTE). In 2020, the company generated an EBIT of EUR 163 million.
Further information on the transaction:
Nordgröön was founded in 2012 and offers services in direct marketing, energy optimisation, synchronisation and integration of renewable energy sources in Germany. The company handles energy sales on behalf of operators of wind turbines, solar power plants and biogas plants in the German market. The company is based in Medelby in northern Germany, near the Danish border. The company had previously belonged to the Norwegian energy group Versorger Agder Energi and its subsidiary Entelios.
On behalf of Eneco:
Luther, Intellectual Property: Dr Katharina Preuss (Senior Associate)
Luther, Real Estate Law: Michael Kunkel, LL.M. (Partner)
Luther, Antitrust Law: Franz-Rudolf Groß, LL.M. (Counsel)