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E.ON Next acquires Ovo Energy in UK deal

PRIVATEOct 08, 2026

Acquiring Company

E.ON Next

Acquired Company

Ovo Energy

United KingdomLondonEnergyOil And GasRenewable EnergyManufacturingEnergyRenewable Energy

Description

E.ON Next has completed its acquisition of Ovo Energy after receiving approval from the UK competition regulator. This acquisition will allow E.ON Next to serve a significant portion of the UK energy market, becoming the second-largest supplier. Ovo's customer base of 4 million will see no immediate changes. Following the acquisition, E.ON Next will hold 25% of the domestic energy supply market.

Company Information

Company

E.ON Next

Location

United Kingdom

About

E.ON Next is a leading energy supplier in the UK, focused on providing electricity and gas services to households. It is part of the E.ON Group, which operates in several countries across Europe. The company is committed to influencing the energy transition towards a more sustainable future. E.ON Next aims to offer innovative solutions for energy supply and management.

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Frequently asked

Who acquired Ovo Energy?

Ovo Energy was acquired by E.ON Next, based in United Kingdom. The deal was reported on October 8, 2026. E.ON Next is a leading energy supplier in the UK, focused on providing electricity and gas services to households. It is part of the E.ON Group, which operates in several countries across Europe. E.ON Next is privately held and operates in Energy.

When did E.ON Next acquire Ovo Energy?

E.ON Next's acquisition of Ovo Energy was reported on October 8, 2026. E.ON Next has completed its acquisition of Ovo Energy after receiving approval from the UK competition regulator. This acquisition will allow E.ON Next to serve a significant portion of the UK energy market, becoming the second-largest supplier. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ovo Energy do?

Ovo Energy is a British energy supplier known for its commitment to providing superior service to its customers. It has rapidly grown to become one of the leading energy companies in the UK since its establishment in 2009. It is privately held, operating in Manufacturing, and is based in London.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.