E.ON Completes Acquisition of OVO in the UK

E.ON has finalized its acquisition of UK energy provider OVO, following regulatory approval from the UK Competition and Markets Authority (CMA). Announced in May, this strategic move bolsters E.ON's presence in the UK's dynamic energy market, Europe’s second-largest for retail energy.

The acquisition permits E.ON to integrate OVO fully, offering enhanced scope for digital and flexible energy solutions. Through increased scale, E.ON aims to accelerate the delivery of innovative customer solutions across Europe efficiently.

Marc Spieker, Chief Operating Officer Commercial at E.ON, emphasized the acquisition as a crucial milestone for the UK retail business. It combines significant scale with digital market strengths, aiding in the faster availability of intelligent energy solutions that help customers reduce costs and support energy transition efforts.