M&As this week: amaysim Australia, Enel Investment Holding, and PowerSecure International

12 April 2017 (Last Updated April 12th, 2017 18:30)

amaysim Australia has entered an agreement to acquire Click Energy for a consideration of A$120m ($90m).

amaysim Australia has entered an agreement to acquire Click Energy for a consideration of A$120m ($90m).

This will comprise A$40m($30m) in Click Energy shares at a price of A$1.79($1.34) per share and A$80m ($60m) in cash.

amaysim Australia is a mobile services provider aiming to expand its business by providing multiple smart services to Australian households. Click Energy is involved in retailing power and utility connection services.

Enel Investment Holding has purchased a 13.6% stake in power distribution companies E-Distribute Muntenia (EDM) and Enel Energie Muntenia (EEM) from Societatea de Administrare a Participatiilor in Energie (SAPE) for €400m ($423.5m).

Enel’s wholly-owned subsidiary EHL will hold 78% interest in both companies as a result of the transaction.

"With the acquisition, PowerSecure International aims to provide more benefits to its customers from its unique solutions."

PowerSecure International has announced an acquisition of Power Pro-Tech Services, which will operate as a wholly-owned, indirect subsidiary.

PowerSecure International provides distributed infrastructure solutions, while Power Pro-Tech Services is a distributed power system services provider.

With the acquisition, PowerSecure International aims to provide more benefits to its customers from its unique solutions.

InterGen Services has announced an intention to sell the company or change the ownership structure.

Based in the US, InterGen Services is an energy utility engaged in the development and operation of coal, gas, and renewable power plants.