M&A Deal Summary

SSE Acquires Endesa Ireland

On June 15, 2012, SSE acquired energy services and equipment company Endesa Ireland from Endesa SA for 488M EUR

Acquisition Highlights
  • This is SSE’s 2nd transaction in the Energy Services and Equipment sector.
  • This is SSE’s largest (disclosed) transaction.
  • This is SSE’s 1st transaction in Ireland.

M&A Deal Summary
Date 2012-06-15
Target Endesa Ireland
Sector Energy Services and Equipment
Buyer(s) SSE
Sellers(s) Endesa SA
Deal Type Divestiture
Deal Value 488M EUR

Target

Endesa Ireland

Dublin, Ireland
Endesa Ireland Ltd. includes a 460MW CCGT (combined cycle gas turbine) which has recently entered construction at Great Island, Co. Wexford, and is expected to be commissioned in 2014. This modern and efficient gas-fired power plant will replace the existing 240MW fuel oil unit at the site, significantly reducing carbon emissions in Ireland.

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Buyer(S) 1

Buyer

SSE

Perth, United Kingdom
Category Company
Founded 1989
Sector Energy Services and Equipment
Employees14,980
Revenue 10.5B GBP (2024)
DESCRIPTION

SSE is an energy company, and the broadest-based energy company. 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 4 of 5
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 2 of 2
Country (Ireland) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Hess Corp - UK Gas Assets

United Kingdom

Hess Corp - UK Gas Assets comprises oil exploration assets in the Everest and Lomond natural gas fields and the Central Area Transmission System in the central North Sea, together with the Bacton Corridor and Easington Catchment Area natural gas fields located in the Southern North Sea.

Buy $423M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 The Energy Solutions Group

Altrincham, United Kingdom

The Energy Solutions Group Ltd. is an independent building energy management solutions (BEMS) provider.

Buy £66M

Seller(S) 1

SELLER

Endesa SA

Madrid, Spain
Category Company
Founded 1944
Sector Energy Services and Equipment
DESCRIPTION

Endesa is the leading company in the Spanish electricity sector and the largest private electricity multinational in Latin America. A company with 23,000 employees which provides services to over 25 million customers.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-22 Eléctrica del Ebro S.A.

Tarragona, Spain

Eléctrica del Ebro S.A. carries out electricity distribution and supply activities in the province of Tarragona and has around 20,000 customers in the region comprised from Hospitalet-Vandellos to the Ebro Delta and Amposta.

Buy £25M
Mergr

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