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POWWR Merges with UD Group to Solidify Position in Retail Energy
Thursday 13 February 2020

13 February 2020 - Connecticut, US-based energy management platform POWWR has merged with UK-based UD Group to create a global end-to-end energy marketplace and strengthen position in front-end sales, contract and risk management solutions for retail energy brokers and suppliers, the company said.
Terms of the transaction were not disclosed.
With investment support from leading software investor Five Elms Capital and Elm Park Capital, the combined business will accelerate its product roadmap and add to its strong culture of impressing both its customers and employees.
The combined POWWR and UD Group software suites cover all aspects of the energy sales process.
POWWR provides a client-centric energy management platform that makes it simple for Retailers, Public Power entities, and Large C and I providers in the deregulated market to better forecast for energy demand and streamline its risk management functions.
UD Group provides solutions for both energy suppliers and brokers through the only end-to-end connected solution for business energy sales.
Date Published: 13/02/2020
Target: UD Group
Country: UK
Sector: Wholesale/Retail
Type: LBO
Status: Closed
Buyer: POWWR
Terms of the deal were not disclosed