OVO Acquired by E.ON | Energy M&A Deal

E.ON has acquired OVO, a utility services business in the UK, for an undisclosed value. E.ON already supplies about 5.6 million UK customers, and the OVO acquisition is expected to add roughly four million more through E.ON acquisitions in retail energy. OVO serves customers with electricity and energy solutions, supporting E.ON’s strategy to expand digital, customer-centric utility services across the UK market, including smart meter–enabled offerings. This strategic acquisition is part of energy M&A and merger acquisition activity, with E.ON aiming to scale flexibility solutions and electrification services using a combined footprint of smart meters. The E.ON acquires OVO deal is subject to UK regulatory approvals, including review by the Competition and Markets Authority, and the parties agreed not to disclose the purchase price.