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Matrix Deal Fuels Competition In UK Energy Services Market

Date: 14 January 2014

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6 pages

Executive Summary

On September 6, 2013, E.ON Connecting Energies, part of the $132 billion revenue Germany-headquartered utility E.ON, announced that it had entered into a definitive agreement to acquire Matrix, a UK-headquartered energy services firm. The deal value is thought to be in the region of £85 million to £100 million. This makes it the standout acquisition in the UK energy services market of 2013. Post-acquisition, Matrix will remain a separate brand sitting within E.ON Connecting Energies. Matrix will continue to manage existing business relationships while both teams work on developing a strategy to provide the new combined offering to E.ON’s existing commercial customer base. The new end-to-end energy services that E.ON will now be able to provide customers will help to differentiate E.ON in an increasingly competitive energy utilities market. Large European utilities are embarking on a major transformation driven by technology, which will see them become more customer centric and see more utilities enter the energy services market as they try to differentiate themselves from competitors.

TABLE OF CONTENTS

MATRIX DEAL FUELS COMPETITION IN UK ENERGY SERVICES MARKET 
Matrix Has Grown To Become A Leading Energy Services Firm In The UK

EUROPEAN UTILITIES LOOK TO DIFFERENTIATE THEMSELVES THROUGH INCREASED ENGAGEMENT AND SERVICES

TABLE OF FIGURES

Figure 1. Significant Acquisitions In UK Energy Services Market
Figure 2. UK Corporate Energy Services Market Consists Of Six Segments 

ORGANIZATIONS MENTIONED

ACME, Ameresco, Balfour Beatty Workplace, BAS, Battery Ventures, BC Hydro, Boots, Bridgepoint Capital, British Gas, Broadfern Partners, BT, Building Management System Integrators, Carillion, Centrica, Cinven, Delta Controls, Dixons Retail, DWEC, DWEC Europe, E.ON, E.ON Connecting Energies, Eaga, EDF Energy, Elster EnergyICT, EnBW, Encore Energy, Energy 2000, Energy and Building Management Solutions, Energy Information Consultants, Energy Solutions Group, EnergyQuote, EnServe Group, Evolve Energy, First Fuel, Green Sky Energy Limited, Honeywell, Inenco Group, Intermediate Capital Group, John Hall & Associates, LDC, Lloyds Banking Group, Lyceum Capital Partners, M&C Energy Group, Marks & Spencer, Marsh Systems, Matrix, MITIE, Morrisons, Newnova Group Limited, NIFES, Nth Power, Opower, Pace Global, PG&E, PowerEfficiency, Rockport Capital, RWE, RWE npower, Sainsbury’s, Schneider Electric, Semplice Energy, Siemens, Siemens Building Technologies, Solar Technology, Spice Plc, Staefa Controls, Summit Energy, TAC, Tesco, The Energy Services Partnership, TREND, UK Home Office, Urjanet, Utilyx, Vattenfall, Virgin Media, Vitruvian Partners