M&A Deal Summary

Shell Acquires Powershop

On February 1, 2022, Shell acquired utilities company Powershop

Acquisition Highlights
  • This is Shell’s 1st transaction in the Utilities sector.
  • This is Shell’s 1st transaction in Australia.

M&A Deal Summary

Date 2022-02-01
Target Powershop
Sector Utilities
Buyer(s) Shell
Deal Type Add-on Acquisition

Target

Powershop

Melbourne, Australia
Powershop is is an electricity and gas retailer serving more than 185,000 customers in the residential and small business markets. Powershop offers electricity in Victoria, New South Wales, South Australia, and South-East Queensland, as well as gas in Victoria. Powershop is Climate Active certified, an Australian Government certification awarded to businesses and organizations that have reached a state of achieving net-zero emissions. Powershop was founded in 2014 and is based in Melbourne, Australia.

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Buyer(S) 1

Buyer

Shell

London, United Kingdom

Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees96,000
Revenue 284.3B USD (2024)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, United Kingdom.


DEAL STATS #
Overall 9 of 12
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 9
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Inspire Energy

Cherry Hill, New Jersey, United States

Inspire is a technology-enabled clean energy company that subscribes people to a world where energy from renewable sources is a better choice for their homes and the environment. With Inspire, members receive access to clean energy and peace of mind from a predictable price for their home's electricity supply. The company has made it easy for hundreds of thousands of people to support clean energy, and join the fight against climate change. Inspire was formed in 2014 with headquarters in Santa Monica, CA and Philadelphia, PA.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Sprng Energy

Pune, India

Sprng Energy is a renewable energy platform that develops and manages renewable energy facilities such as solar and wind farms and infrastructural assets. Sprng Energy was founded in 2017 and is based in Pune, India.

Buy -