July 13, 2018

Shared future: GETEC ENERGIE acquires EEG


Hanover, 13.07.2018 - On 29.06.2018, the shareholders of EEG Energie- Einkaufs- und Service GmbH (EEG) from Henstedt-Ulzburg and GETEC ENERGIE AG (GETEC ENERGIE) from Hanover agreed on a purchase agreement to acquire all shares in EEG with effect from 01.06.2018. The acquisition is still subject to approval by the antitrust authorities. The parties have agreed not to disclose the purchase price.

"We are delighted to have found a partner from northern Germany in the medium-sized company GETEC ENERGIE, which is clearly committed to the continued operation and further development of EEG and the Henstedt-Ulzburg site. This will give EEG and its customers a new perspective," says Uwe Lamberti, Chairman of the Supervisory Board of EEG.

"We want to further develop EEG and establish it as a strong partner for municipal utilities with an extensive service portfolio and innovative solutions. We want to be a partner at eye level for EEG's customers and do everything we can to ensure that they are optimally positioned for increasing competition and digitalization," says Bernward Peters, Chairman of the Executive Board of GETEC ENERGIE.

EEG was founded in 1998 with one managing director, one employee and one goal: To accompany customers and shareholders through the waves of liberalization in the energy sector. Today, a good 20 years later, EEG is one of the leading service providers for municipal energy suppliers in Germany thanks to its experience and expertise. With its 24 employees, EEG provides tailor-made solutions for over 50 municipal utilities throughout Germany.

GETEC ENERGIE is a medium-sized energy services company based in Hanover. GETEC ENERGIE focuses on providing its customers with market access to the main European marketplaces and exchanges, optimizing the procurement and marketing of energy, and providing process services. GETEC ENERGIE's customers include energy suppliers and municipal utilities as well as industrial and commercial customers of all sizes.

About GETEC ENERGIE

We have been supporting energy consumers, suppliers and producers with comprehensive energy management services since 2001. GETEC ENERGIE is an internationally oriented company with headquarters in Hanover. Our aim is to make the procurement, supply and marketing of energy both economical and sustainable with the help of our processes. Today, together with our subsidiaries and affiliated companies, we have more than 400 employees and generated sales of more than 1.4 billion euros in 2019 - making us one of the largest independent energy services companies in the German-speaking world.

Press contact

GETEC ENERGIE GmbH

Julia Oentrich
Head of Corporate Communications
Phone: +49 (0) 511 51949 278
Phone: +49 (0) 171 9727929
E-Mail: julia.oentrich@getec-energie.de

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