Contigo, the UK based supplier of energy trading and risk management solutions for the European markets, is pleased to announce that it has been acquired by Energy One, the leading vendor of ETRM software in Australasia. Energy One is an Australian stock-exchange listed company and its software is used to manage nearly 50% of the wholesale energy trading in that market. Established for more than 11 years, the company offers a similar and complementary product range to Contigo in its local market. Energy One’s acquisition of Contigo, brings together a wealth of energy trading experience, with opportunities to collaborate and further develop best of breed systems to enable generators, retailers, producers, shippers and traders to manage their entire wholesale trading portfolio. The two businesses combine to create a new ETRM vendor group with global capability to further service and support customers. Contigo’s co-founder and managing director, Adrian Bullock comments: “The acquisition by Energy One offers exciting possibilities for our clients and stakeholders. We look forward to continuing Contigo’s mission to develop innovative software solutions for the European energy market, while offering an increased and global capability for support and service. “Energy One has acquired Contigo to nurture and grow the… continue reading
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Source: CTRM Center