LDC-backed ENSEK expands into Europe with acquisition of NrgFin
5 Aug 2020
This acquisition represents a significant and exciting milestone for our business. Energy retail sectors across Belgium and the Netherlands have many synergies with our own core UK market, and we’re looking forward to working alongside our new colleagues to integrate our service offerings and maximise future growth opportunities."
John Green, Investment Director at LDC said: “With ENSEK, one of our key investment objectives was to support the management team in converting complementary acquisition opportunities, whilst maintaining continued strong organic growth. NrgFin is a high-quality business and this deal brings a well-established Benelux footprint to ENSEK. This transaction reaffirms our commitment to support our investment portfolio with their buy and build growth plans.”
Ilse Melotte, Managing Director at ENSEK Benelux said: “ENSEK and NrgFin are complementary – we can’t wait to bring our knowledge together, creating new services that will only benefit our customers. There is a significant growth potential, especially in Belgium and the Netherlands, and this acquisition is key for the combined company to continue its international growth.”