E.ON Connecting Energies, the new unit of E.ON focusing on energy efficiency and distributed energy solutions in the B2B sector globally, has agreed to buy Matrix, the UK market leader in energy management and energy efficiency services for commercial buildings. The transaction is subject to Austrian merger control clearance and expected to close in October.
Founded in 2003, Matrix has helped corporate customers to reduce their energy consumption in commercial buildings by up to 40% through data-led energy efficiency and energy management services, based on its advanced metering and building energy management technologies.
Matrix currently has 31,000 data connections to customer sites in 22 countries around the world. From its central Energy Management Centre in Glasgow it remotely configures and controls Building Energy Management Systems to optimise the use of energy in the commercial buildings of blue-chip corporate and public sector customers.
Commenting on the agreement Tony Cocker, Chief Executive of E.ON UK, said:
“This is an important and exciting agreement as it brings together two companies and two teams of people which have great experience in helping their customers. Over the coming months and years I am fully confident that by combining these skills with the services we will continue to provide we’ll be able to help even more companies and be a success together. As can be seen by looking at any part of our operations in the UK, delivering excellence and helping our customers are absolutely central to what we do. This acquisition completely fits with that.”
Ian Kelly, Chief Executive of Matrix, said: “Getting together with E.ON will make our combined business much stronger. E.ON has the international presence as well as the breadth and depth of energy technology expertise that will allow us to move from a leading national player to a leading global player in the B2B energy efficiency space. We look forward to continuing our significant growth together with E.ON and to facilitating energy savings for an even broader range of customers globally. We are very happy to have found, with E.ON Connecting Energies, a new owner that shares the same vision in the potential of distributed energy and the ways to bring value to our customers.”