Energy One to acquire CQ Energy (Australia)
Energy One, eZ-nergy’s parent company, is pleased to advise it has entered into a share purchase agreement (SPA) to acquire 100% of the shares of CQ Energy, a Company incorporated in Australia.
Established in 2008 and based in Adelaide Australia, CQ Energy is the leading provider of operational energy services to the Australian gas and electricity sector. They provide similar 24×7 operational services as our European businesses eZ-nergy and Egssis as well as running a sophisticated risk transfer/broking and consulting business.
Typical clients include wind farms, solar farms, and large-scale batteries dispatching directly into the NEM. They also include large industrial gas customers who need to access the wholesale gas market as well as gas pipelines.
The acquisition of CQ Energy builds on our strategy of developing a global 24/7 energy services business and follows the acquisition of Belgium based Egssis (December 2021) and French based eZ-Nergy (June 2020).
The acquisition of CQ enhances our capability and now provides us with the opportunity to establish a global energy software and services operation with control rooms in both the northern and southern hemispheres.
“CQ Energy is a very sophisticated business providing high quality operational services and to the Australia energy trading market (West Coast and East Coast) and we are very excited to welcome them into the family. I’d like to welcome Reza Evans, Ian Tannebring & Lino Fusco to our Australasian leadership team
“Energy One has cemented its position in the 24/7 operational energy services market being the number two provider in Europe and with the acquisition of CQ energy the number one provider in Australia” said Shaun Ankers, Group CEO.
Australasian CEO, Dan Ayers commented “Bringing these highly-skilled teams together with their strong market knowledge, consulting, systems and operations expertise combined with their dedicated customer service culture provides new and existing clients with a virtually end-to-end set of wholesale energy products and services.”
To find out more about CQ Energy. https://www.cqenergy.com.au