EON Group Acquires Ovo Energy

EON Group plans to acquire Ovo Energy, creating Britain's largest energy supplier with 9.6 million customers.
Deal estimated at £600 million, though exact price undisclosed.
Ovo sells home services division to Hometree.
Acquisition faces CMA scrutiny, with completion expected in 2026.
Both firms agree to honor tariffs during review.
EON COO Marc Spieker highlights commitment to customer trust.

Energy | Acquisition

United Kingdom | UK | Britain

Stephen Fitzpatrick | Marc Spieker

2 weeks ago