trending Market Intelligence /marketintelligence/en/news-insights/trending/7KIMNUetLozv2f35VCjwaA2 content esgSubNav
In This List

Just Energy to acquire German retail energy provider

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Video

S&P Capital IQ Pro | Powered by Expert Insights

451 Research Podcast

Next in Tech | Episode 41: IoT's Role in Energy and Utilities


Just Energy to acquire German retail energy provider

Just Energy Group Inc. plans to acquire natural gas and power provider db SWDirekt GmbH for approximately €3.4 million in a move to enter the German retail energy market.

Additional terms of the transaction include a €1.6 million payment upon the achievement of sales targets and an earn-out of 5% of cumulative positive EBITDA in each fiscal year up to a maximum aggregate earn-out payment of €25 million.

"This exciting acquisition provides Just Energy immediate access to the largest energy market in continental Europe, accelerating our market entry substantially while also adding a talented local team in Germany to facilitate our growth ... as we seek access to over 50 million gas and power meters in Germany," Deborah Merril, co-CEO of Just Energy, said in a statement.