bp has agreed to acquire GETEC ENERGIE - a leading independent supplier of energy to commercial and industrial (C&I) customers in Germany.
On completion, the acquisition will materially expand bp’s European power and gas C&I supply presence.
The acquisition of GETEC ENERGIE, which has over 20 years of experience, expertise and customer relationships, is aligned with and will accelerate the delivery of bp’s strategy to become an integrated energy company focused on bringing energy solutions to customers.
It will boost bp’s capabilities and increase its interface with customers in both established (power and gas) and developing (renewable power, biogas and hydrogen) energy markets.
“As we continue to deliver our strategy, it’s essential that we can connect and integrate the energy solutions we offer customers across bp. The addition of GETEC ENERGIE GmbH will expand and enhance our ability to do just that in Germany and ultimately in Europe,” said Carol Howle, bp executive vice president, trading & shipping.
This agreement follows from bp’s successful expansion of its C&I power and gas business in the US through the 2022 acquisition of EDF Energy Services.
She added: “It will help us bring new opportunities across energy value chains to C&I customers, providing them with secure, affordable and increasingly lower carbon energy solutions.
“We look forward to bringing GETEC ENERGIE GmbH’s advanced technologies, processes and people into bp.”
bp to acquire GETEC ENERGIE – expanding its integrated energy offering
