M&A Deal Summary

SSE Acquires SSE Airtricity Energy Supply

On January 4, 2008, SSE acquired energy services and equipment company SSE Airtricity Energy Supply for 1.1B EUR

Acquisition Highlights
  • This is SSE’s 1st transaction in the Energy Services and Equipment sector.
  • This is SSE’s largest (disclosed) transaction.
  • This is SSE’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2008-01-04
Target SSE Airtricity Energy Supply
Sector Energy Services and Equipment
Buyer(s) SSE
Deal Type Add-on Acquisition
Deal Value 1.1B EUR

Target

SSE Airtricity Energy Supply

Belfast, United Kingdom
SSE Airtricity Energy Supply (Northern Ireland) Ltd. Northern Ireland’s second largest energy provider, supplying natural gas and greener electricity to over 300,000 Northern Irish homes and businesses. We’re proud to make a difference across Northern Ireland.

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Buyer(S) 1

Buyer

SSE

Perth, United Kingdom

website

Category Company
Founded 1989
Sector Energy Services and Equipment
Employees10,152
Revenue 8.6B GBP (2022)
DESCRIPTION

SSE is an energy company, and the broadest-based energy company in the UK and Ireland. It operates across the energy value chain in the GB energy market, and generates and supplies energy to electricity and gas customers in Northern Ireland and the Republic of Ireland. SSE was founded in 1989 and is based in Perth, the United Kingdom.

DEAL STATS #
Overall 1 of 5
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 4
Year (2008) 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 Seabank Power

Bristol,, United Kingdom

Seabank owns and operates Seabank Power Station, which comprises two combined-cycle gas turbine generation units with an aggregate capacity of approximately 1,140 MW.

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