EEX acquires 100% ownership of Grexel Systems

EEX acquires 100% ownership of Grexel Systems

The European Energy Exchange AG (EEX) has successfully completed the acquisition of the shares in Grexel Systems Oy. The completion follows the satisfaction of all closing conditions of the transaction. As of 1st February 2019, EEX now holds 100% of the shares in the company.

Grexel Systems is the leading provider of energy certificate registries in Europe. The company currently operates 15 energy certificate registries in Europe.

With this transaction, EEX Group is expanding its activities in the registry business and will be able to actively develop the markets for guarantees of origin for renewable and other forms of energy. As part of EEX Group, Powernext already operates register solutions for guarantees of origin and other certificates in France.

 

The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.

 

Grexel, based in Helsinki, is Europe’s leading energy certificate registry provider, with an annual transaction volume of over one billion MWhs by over ten thousand active account holders in 15 countries. In addition to central registry service provision, Grexel also helps its customers to design new certification schemes, coping with the changing requirements set by international legislation and standards, and to understand the market better.

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