E.ON has acquired a majority stake in gridX to enhance its digital transformation and develop innovative energy solutions in the rapidly changing energy market.

Information on the Target

E.ON has announced the acquisition of a majority stake in gridX, a leading provider of smart grid intelligence in the energy industry. This strategic partnership aims to catalyze the growth of gridX and enable new value chains within the energy market. Importantly, gridX will preserve its independence, with its founders, David Balensiefen and Andreas Booke, continuing to lead as managing directors.

The acquisition marks a significant step for E.ON as it pursues its digital transformation goals. Achieving this milestone not only grants E.ON access to XENON, Europe’s premier smart grid platform developed by gridX, but also aligns with its broader vision to deliver innovative digital solutions in the energy sector.

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