Vattenfall to acquire Dutch power and gas retailer DELTA Energie
Sweden-headed energy utility major Vattenfall AB has announced its intention to acquire the Netherlands-based electricity and gas sales company DELTA Energie BV. for an undisclosed amount. The deal, which is subject to positive advice from DELTA’s works council and approval from the Netherlands Authority for Consumers (ACM), will enable Vattenfall to strengthen its position in the Dutch province of Zeeland.
DELTA supplies telecom services from DELTA Fiber Nederland BV and green electricity and gas to households and small and medium-sized companies from DELTA Energie BV. Vattenfall’s intention is to acquire DELTA Energie only.
With DELTA Energie we are strengthening our position in the Netherlands and are expanding Vattenfall’s portfolio with a strong, green company that has a long history in Zeeland. The loyalty of DELTA’s customers and employees alike is a perfect fit for us and for what we, as Vattenfall, stand for. We are therefore very proud that we can embrace DELTA Energie. We want to make it possible to live free from fossil fuels within one generation and can now include DELTA in our mission, said Martijn Hagens, Senior Vice President and Head of Business Area Customers & Solutions, Vattenfall.
According to Vattenfall, it is already a strong partner for DELTA, and together the two companies will be able to take even greater steps to provide fossil-free energy to customers. DELTA Energie will continue to operate from Zeeland as an independent company.
I’m glad that through the acquisition by Vattenfall, DELTA Energie is given a solid base to remain a frontrunner in the development towards energy from sustainable sources. And our strong bond with the province of Zeeland remains intact: we will continue as DELTA, for telecom as well as energy. We have already created a new future prospect for our telecom company by taking over Caiway. DELTA Energie is now gaining a foundation on which a sustainable future can continue to grow, said Marco Visser, CEO, DELTA.
Vattenfall, via its subsidiary Nuon, also owns Feenstra and Powerpeers in the Netherlands.