Inspired Energy plc – Acquisition of Squareone Enterprises Ltd

Inspired Energy plc is delighted to announce the acquisition of Squareone Enterprises Limited (“Squareone”) a provider of energy procurement, energy management and water procurement services for an aggregate consideration of up to £1.375 million.

Squareone was founded in 2004 and provides energy procurement, energy management and water procurement services to UK corporate businesses and has been recognised in the sector for excellent customer service, winning the 2018 Energy Live Consultancy Award for ‘Best Customer Service’.

Squareone has a strong presence in the education and manufacturing markets for energy procurement and has complemented its energy services offering through the development of water procurement services. The Board believes that the Acquisition will complement Inspired’s core Corporate Division and further enhance the Group’s sector specialism.

Commenting on the acquisition, Mark Dickinson, CEO of Inspired Energy plc said: “We are delighted to conclude the acquisition of Squareone, which is a highly complementary addition to Inspired’s core Corporate Division. The Squareone team are well respected within the sector, and were deservedly recognised as such at the 2018 Energy Live Consultancy Awards. The acquisition further enhances our customer base and strengthens our sector specialisms.”

“We look forward to working closely with the highly experienced and knowledgeable team of Squareone and welcome them into our core Corporate Division as we continue to advance our position as a market leader.”

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