bp to acquire GETEC ENERGIE GmbH
London, 17 January 2024, (Oilandgaspress): – bp has agreed to acquire GETEC ENERGIE GmbH, a leading independent supplier of energy to commercial and industrial (C&I) customers in Germany. On completion, the acquisition will materially expand bp’s European power and gas C&I supply presence, enabling it to deliver integrated energy solutions directly to existing and new customers in Germany and elsewhere in Europe.
The acquisition of GETEC ENERGIE GmbH, which has over twenty years of experience, expertise and customer relationships, is aligned with and will accelerate the delivery of bp’s strategy to become an integrated energy company focused on bringing energy solutions to customers. It will boost bp’s capabilities and increase its interface with customers in both established (power and gas) and developing (renewable power, biogas and hydrogen) energy markets. This agreement follows from bp’s successful expansion of its C&I power and gas business in the US through the 2022 acquisition of EDF Energy Services.
Carol Howle, bp executive vice president, trading & shipping, said: “As we continue to deliver our strategy, it’s essential that we can connect and integrate the energy solutions we offer customers across bp. The addition of GETEC ENERGIE GmbH will expand and enhance our ability to do just that in Germany and ultimately in Europe.
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