LDC sells Green Sky Energy in ‘£85m deal’

GREEN Sky Energy, the parent company of Matrix, which has an office in Leeds, has been sold to a subsidiary of the energy group E.ON.

Market sources suggest the deal with E.ON Connecting Energies is valued at £85m-£100m.

Green Sky was set up after LDC spent £10m on a minority stake in the £25m-turnover energy management system specialist Manchester-based Matrix Corporate Solutions in March 2010.

The business, founded in 2003 by former Siemens employees, then embarked on a buy and build strategy that saw it ... For the full story register now for free or login below...