Acquiring Company
E.ON SE
Acquired Company
Ovo
Essen
United KingdomEnergyOil And GasRenewable EnergyBiomass EnergyEnergyOil And GasRenewable EnergyDescription
E.ON has signed an agreement to acquire OVO, a UK energy supplier, to enhance its customer base and position in the European energy market. The acquisition is expected to add around four million customers to E.ON’s existing base of 5.6 million in the UK. This move will bolster E.ON's retail business and facilitate the development of innovative energy solutions. The transaction is subject to regulatory approvals, with an expected closing in the second half of 2026.
Quick answer
E.ON SE is acquiring Ovo, announced May 11, 2026. E.ON SE is based in Essen, North Rhine Westphalia, Germany.
- How much did E.ON SE pay for Ovo?
- The deal value was not disclosed.
- What does E.ON SE do?
- E.ON SE is a leading energy company focused on providing innovative energy solutions and services.
- Where are E.ON SE and Ovo based?
- E.ON SE is based in Essen, North Rhine Westphalia, Germany. Ovo is based in United Kingdom.
- Who are the decision-makers at E.ON SE?
- Fundz holds 1 contact at E.ON SE. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Ovo?
Ovo was acquired by E.ON SE, based in Essen. The deal was reported on May 11, 2026. E.ON SE is a leading energy company focused on providing innovative energy solutions and services. E.ON SE is publicly traded (EONGY) and operates in Energy.
When did E.ON SE acquire Ovo?
E.ON SE's acquisition of Ovo was reported on May 11, 2026. E.ON has signed an agreement to acquire OVO, a UK energy supplier, to enhance its customer base and position in the European energy market. The acquisition is expected to add around four million customers to E.ON’s existing base of 5.6 million in the UK. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Ovo do?
Ovo is one of the largest household energy suppliers in the UK, known for its focus on green energy solutions. Founded in 2009, the company has expanded significantly, providing energy to millions of customers. It is privately held, operating in Energy, and is based in United Kingdom.
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