California, the U.S.A.-based Leading global energy and sustainability advisory firm Edison Energy acquired Alfa Energy. The company announced the acquisition on October 10, 2022. However, the company didi not disclose the financial details pertaining to the transaction.

Purpose of acquisition by Edison Energy 

The acquisition marks Edison Energy’s commitment to expanding its impact and offerings to clients as well as partners. Alfa Energy and Edison Energy have been trusted partners for more than seven years. 

The combined experience, expertise, technological capabilities and local market intelligence enable Edison Energy to help organisations achieve various goals. These goals include strategic, financial, energy and sustainability commitments. The company seeks to meet the major market demand by purchasing Alfa Energy.

What the Edison Energy official has to say

Oded J. Rhone, CEO of Edison Energy, said, “With more global clients seeking ways to decarbonize their operations, the time is right for Edison Energy to expand its platform across the Atlantic, with service to 22 European countries. During this time of turmoil in the energy markets, customers’ needs are rapidly evolving. The combined capabilities of Edison and Alfa more fully position us to help our clients set and meet their energy and sustainability commitments in a timely and thorough manner.” 

In addition, Hannah Badrei, PhD, Vice President of Edison’s Energy Supply Advisory, commented, “Decarbonization is a strategy that must be implemented at a global scale. In highly volatile commodity markets, our global clients are seeking integrated energy risk management and procurement solutions that are sustainable and resilient. The integration of our companies will help our clients achieve these goals.” 

What the Alfa Energy CEO has to say

Damir Ahmovic, Alfa Energy CEO, said, “Alfa Energy has made a significant service contribution to commercial and industrial clients in the UK and Europe. By joining forces with Edison Energy – which has been our long-term partner in the delivery of services to global accounts – that dream is now a reality. A sustainability agenda demands systemic Decarbonization. The enhanced deliverables of the combined company will position us to help our clients navigate their way towards a better future.” 

About Alfa Energy 

Alfa Energy, based in London, United Kingdom, was launched in 1995 by Damir Ahmovic. Alfa Energy is an international energy consultancy that develops business energy strategies for all industries. It competes with the likes of Add Energy Group, Alma Trade International, and Petronas Energy Trading.

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.

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