Credit, Collections & Insolvency News
E.ON has announced its latest steps following its acquisition of npower and outlined proposals to combine the two companies’ successful Industrial & Commercial (I&C) supply activities in the UK.
Following E.ON’s acquisition of npower in late 2019, npower Business Solutions (nBS) was ‘carved out’ and has continued to operate successfully and independently.
Bringing the two businesses together provides some of the UK’s leading companies with access to a greater range of industry expertise and energy solutions to address customer needs and improve sustainability. The move will create one of the UK’s largest business energy retailers, with both brands having around 57,000 customers combined.
Michael Lewis, E.ON UK and npower Chief Executive, said “Bringing together our two successful Industrial & Commercial units into a single organisation creates one of the largest B2B energy businesses in the UK. These are fundamentally two complementary companies that bring together wider expertise in different areas of the market. What this means for British business is an expansion of our abilities to offer a greater range of smarter and personalised support to help meet their business efficiency and zero carbon ambitions.”
“This is the latest stage of a process to build a more sustainable business and to succeed in this extremely challenging market. Part of that was to migrate residential and small business customers to the E.ONnext platform we’re building alongside our strategic partner, Kraken Technologies.”