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.
Case details
- Notification date:13 December 2024
- Publication date:13 December 2024
- Economic sector:Supply of electricity, gas & other - D
- Economic sub-sector:Energy & air conditioning supply - D.35
- Simplified merger:Yes
- Outcome:Cleared
Documents
M.24.077 Merger AnnouncementPDF | 153 KBM.24.077 Merger Announcement PDF | 153 KB - Opens in new window
M.24.077 DeterminationPDF | 239 KBM.24.077 Determination PDF | 239 KB - Opens in new window
Timetable
Parties Involved
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.
Contacts
- Sean Heeran seanheeran@ccpc.ie
