Good Energy Group has accepted a bid worth almost \u00a3100m from international technology group Esyasoft.<\/p>\n
The confirmation comes three months after a potential takeover was first revealed.<\/p>\n
Esyasoft has the ambition of creating “an end-to-end smart grid business with approximately one billion end-use customers”. It sees Good Energy’s ethos and its potential to grow in the UK as a part of its growth plans.<\/p>\n
The 490p-per-share offer is a 66% premium to the share price before the group reported the initial unsolicited approach, and values the group at \u00a399.4m. The first offer in October was around \u00a384m.<\/p>\n
Esyasoft has so far secured commitments to back the deal from shareholders representing 30% of the company, with founder Julian Davenport and Dale Vince’s Ecotricity Group among the supporters of the takeover.<\/p>\n
Chippenham-based Good Energy has been on its own acquisition trail, buying five companies in the past two years.<\/p>\n
Esyasoft said it “believes that under its ownership and with sufficient investment, Good Energy could grow its customer base to become a UK market-leading business”.<\/p>\n
Good Energy is 25 years old but in the past five years has moved from being a green energy supplier to a green energy-as-a-service business, expanding into heat pump and solar panel installation and servicing.<\/p>\n","protected":false},"excerpt":{"rendered":"
Green energy business has been in talks for past three months to raise offer price<\/p>\n","protected":false},"author":18,"featured_media":15913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,120781],"coauthors":[81],"class_list":["post-18667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-markets","tag-top-story","tag-wiltshire"],"yoast_head":"\n