The Netherlands-headed global distributor of off-grid energy SHV Energy BV, a wholly-owned subsidiary of family-owned multinational SHV, has announced that it has acquired a majority stake in the Irish industrial energy efficiency company Energy Metrics Monitoring & Management Ltd (EM3) for an undisclosed amount.
As a global distributor of off-grid energy, including bottled gas brands such as Calor, Ipragaz, Liquigas, Primagaz, and Supergasbras, SHV Energy will now also offer energy efficiency, energy management, and sustainability solutions through EM3, delivering cost efficiencies and environmental improvements.
Co-founders John Hensey and Donall O’Brien will continue to run the company and remain shareholders. Now part of SHV Energy, the company will continue as independent advisors under its current leadership and a team of 45 full-time energy experts maintaining high levels of operations and customer support.
The company will continue to operate out of Charleville, Co. Cork, in Ireland.
We are delighted to now be part of SHV Energy. This transaction supports EM3’s ambition to grow its customer base globally, with an unwavering focus on our core expertise: providing innovative energy efficiency solutions to industrial customers, said EM3 co-founders John Hensey and Donall O’Brien.
Boost global industry efficiency services
According to SHV Energy, EM3 brings a “wealth of experience, which will support the growth of SHV Energy’s renewable solution ambitions”. The company has been active in the energy efficiency sector since 2006 and has an exceptionally strong mechanical, process, and utility expertise.
EM3 customers are typically active in industrial manufacturing in a wide range of sectors such as food, dairy, pharmaceutical, nutrition, healthcare, chemical, and engineering. As part of SHV Energy, the company is now in a unique position to accelerate the growth of its global industry efficiency services.
We are pleased to have reached this agreement with EM3, and look forward to welcoming our new colleagues and customers into the SHV Energy family. This is an important step into the energy efficiency realm, through which we continue to address changing energy needs and growing demands of customers, said Bram Gräber, CEO of SHV Energy.