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E.ON begins acquisition of OVO energy supplier

PRIVATEMay 11, 2026

Acquiring Company

E.ON

Acquired Company

OVO

BristolEnergyOil And GasRenewable EnergyEnergyOil And Gas

Description

E.ON has initiated a takeover of rival energy supplier OVO, aiming to strengthen its position in the UK energy market. The acquisition is intended to enhance E.ON UK's retail business and focus on delivering value to customers. Both E.ON and OVO customers will see no changes during the regulatory review period, with existing tariffs honored.

Company Information

Company

E.ON

About

E.ON is one of Europe’s largest energy companies, serving around 47 million customers. The company operates a distribution network that spans 1.6 million kilometers. E.ON is focused on providing sustainable energy solutions and enhancing operational efficiency through digital transformation.

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Frequently asked

Who acquired OVO?

OVO was acquired by E.ON. The deal was reported on May 11, 2026. E.ON is one of Europe’s largest energy companies, serving around 47 million customers. The company operates a distribution network that spans 1.6 million kilometers. E.ON is privately held and operates in Energy.

When did E.ON acquire OVO?

E.ON's acquisition of OVO was reported on May 11, 2026. E.ON has initiated a takeover of rival energy supplier OVO, aiming to strengthen its position in the UK energy market. The acquisition is intended to enhance E.ON UK's retail business and focus on delivering value to customers. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does OVO do?

OVO is an energy company focused on providing a world-class experience to its customers. It has recently acquired SSE's retail arm and aims to expand its reach in the energy market. It is privately held, operating in Energy, and is based in Bristol.

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