The European Energy Exchange (EEX) has signed an agreement with the shareholders of the energy analytics company Lacima Group to acquire their business. EEX will acquire 100% of Lacima Group.
Lacima, headquartered in Sydney, Australia, is a multi-award-winning provider of technology solutions for trading and risk management in the global energy and commodities markets. Lacima’s risk analytics software manages valuation, optimization and risk management. Their trading analytics solution provides tools for pre-trade analyses, structuring and valuation, which further supports trading decisions for their customers.
Commenting on the strategic rationale, Peter Reitz, EEX CEO, says: “The acquisition of Lacima Group will enable EEX Group to extend its offering to a range of pre- and post-trade services in the global commodity markets and extend our presence in the Asia-Pacific region. Lacima’s expertise will support our client’s decision making, risk management and reporting processes as well as further reduce entry barriers for the registration of trades with EEX for our global customer base.”
Chris Strickland, CEO of Lacima, responds: “We feel that EEX is the perfect partner to fulfill Lacima’s strong growth ambitions. Our recognised innovative analytics capabilities perfectly align with EEX’s global energy and commodities client base who all need to perform pre-trade analysis and post trade risk management. Our analytics, together with EEX’s market offerings, will lead to significant opportunities for both organisations. This deal will also benefit our existing customers who will continue to be serviced by a familiar, but stronger, Lacima. We are incredibly excited about the future with EEX and look forward to working with the team.”
EEX’s acquisition of Lacima Group will be a seamless process for all Lacima clients whose relationship with the company will remain unchanged. Lacima will continue to operate as an entity from its current offices in Sydney, London and Denver. All senior management members of Lacima Group will continue in their current roles and are fully committed to their long-term involvement with the company and its further success as part of EEX Group.
The completion of the deal is envisaged for January 2022.
The European Energy Exchange (EEX) is the leading energy exchange which builds secure, successful and sustainable commodity markets worldwide – together with its customers. As part of EEX Group, a group of companies serving international commodity markets, it offers contracts on Power, Natural Gas and Emission Allowances as well as Freight and Agricultural Products. EEX also provides registry services as well as auctions for Guarantees of Origin, on behalf of the French State. More information: www.eex.com
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EEX Public Relations
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