eEnergy has announced the acquisition of Beond Group, an energy consultant and procurement business with a focus on renewable energy. Beond is a well-established, profitable business with a strong track record of growth. The acquisition consideration (£8.2m net of surplus cash acquired) comprises a mix of cash and shares, the cash element being funded by a £3.2m ABB, announced last Friday. We consider the acquisition a positive and important strategic step for eEnergy Group and expect it to be s ....
14 Dec 2020
Acquisition of Beond Group
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Acquisition of Beond Group
eEnergy Group PLC (EAAS:LON) | 6.8 0 6.2% | Mkt Cap: 26.5m
- Published:
14 Dec 2020 -
Author:
James Tetley -
Pages:
3
eEnergy has announced the acquisition of Beond Group, an energy consultant and procurement business with a focus on renewable energy. Beond is a well-established, profitable business with a strong track record of growth. The acquisition consideration (£8.2m net of surplus cash acquired) comprises a mix of cash and shares, the cash element being funded by a £3.2m ABB, announced last Friday. We consider the acquisition a positive and important strategic step for eEnergy Group and expect it to be s ....