Software company goes Dutch as firm sold off

Loughborough-based software provider to the energy industry, Jules, has been bought by Dutch conterpart Energy21.

The deal will also sees Jules’ Netherlands arm Ecedo sold off.

Energy21 will now have over 100 employees and an annual revenue turnover of around €20m this year. Clients span Europe, including the Netherlands and the UK.

The acquisitions follow a rising demand for software across the energy sector due to increased complexity and rapidly changing market requirements. This includes the energy price cap, the introduction of flexible contracts and the rise of EV-sharing.

Michiel Kuiper, CEO of Energy21, said: “These two acquisitions align well with Energy21’s strategy to be the go-to technology partner for energy companies. By adding the software solutions and expertise we can deepen our product offering and geographic presence. This will allow us to support more clients with more specific solutions in the energy value chain.

“Together, the group serves approximately 50 customers, from new challengers to established multinationals in Europe and the United Kingdom. What connects the teams? Passion for the energy market, deep expertise, and the ability to deliver business-critical software services securely and effectively. We are very pleased to welcome the knowledgeable teams of Ecedo and Jules.”