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  5. Shell Australia Pty Acquires ERM Power

M&A Deal Summary

Shell Australia Pty Acquires ERM Power

On August 22, 2019, Shell Australia Pty acquired utilities company ERM Power for 617M AUD

Acquisition Highlights
  • This is Shell Australia Pty’s 1st transaction in the Utilities sector.
  • This is Shell Australia Pty’s largest (disclosed) transaction.
  • This is Shell Australia Pty’s 1st transaction in Australia.

M&A Deal Summary
Date 2019-08-22
Target ERM Power
Sector Utilities
Buyer(s) Shell Australia Pty
Deal Type Add-on Acquisition
Deal Value 617M AUD

Target

ERM Power

Brisbane, Australia
ERM Power Ltd. is an energy company operating electricity sales and generation businesses. ERM Power was formed in 1980 and is based in Brisbane, Australia.

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Buyer(S) 1

Buyer

Shell Australia Pty

Perth, Australia
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Shell Australia Pty Ltd. is focused on investing in large projects, including the Clyde Refinery in Western Sydney, the Geelong Refinery in regional Victoria and WA’s Chevron-operated Gorgon LNG Project, which have had a material impact on the development and growth of the Australian economy over the last century. Shell has had a presence in Australia since 1901; supplying oil products to Australians for more than 113 years.

DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1
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