M/24/077 – Sojitz Corporation/New Measured Power Limited
Transaction details
The proposed acquisition by Sojitz Corporation of Europe BV of a controlling interest in New Measured Power Limited (trading as Pinergy) has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Friday December 13, 2024 | Monday, January 6, 2025 |
| Parties Involved | Business activities |
|---|---|
| Sojitz Corporation of Europe BV | Sojitz Corporation of Europe BV is a subsidiary of Sojitz Corporation, a public limited company registered in Japan. Sojitz Corporation is a global conglomerate which operates through seven business divisions. In the State, the Sojitz Corporation is active primarily in the energy sector, through Evalair, a company which is active in wind energy generation. |
| New Measured Power Limited (trading as Pinergy) | New Measured Power Limited is a retail electricity supplier in the State. It supplies both domestic and industrial/commercial customers. It supplies energy from green electricity sources such as wind, solar and hydro power, and provides customers with smart energy technologies to monitor and control their energy usage. |
| Economic sector | Media merger |
|---|---|
| Energy & Utilities | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Tuesday, December 31, 2024 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Sean Heeran | seanheeran@ccpc.ie |
Media enquiries: communications@ccpc.ie
Haven’t found what you’re looking for?
Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555