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Enel unit to acquire energy efficiency services company Yousave

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Enel unit to acquire energy efficiency services company Yousave

Enel SpA subsidiary Enel X Italia has agreed to acquire the main business unit of Yousave, an Italian company with offerings including energy efficiency services.

Through the implementation of its energy management systems, Yousave can help industrial and service companies attain energy savings, optimize internal processes, reduce emissions and increase environmental sustainability, according to a July 6 news release.

"The Yousave business modell, based on the pursuit of energy efficiency and leveraging the consumption flexibility and assets of its customers, fits perfectly with the strategy of Enel X and will further strengthen its capacity for innovation and develop the pipeline of planned projects and investments more effectively," Fabio Sannino, Yousave's legal representative, said in a statement.

Enel X is the division of Italian energy company Enel developing products and digital solutions for consumers. Financial terms of the transaction were not disclosed in the news release.