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NEO NEXT+ to acquire Deltic Energy for £7.2 million

PRIVATEMay 18, 20263 months ago

Acquiring Company

NEO NEXT+ Energy

Acquired Company

Deltic Energy

Greater LondonLondonEnergyOil And GasEnergyOil And GasRenewable Energy

Description

NEO NEXT+ Energy Upstream UK is moving forward with its acquisition of Deltic Energy after Deltic repaid its debts. The acquisition, valued at approximately £7.2 million, involves a proposed offer of 7.7p per share for Deltic. This progression follows a failed bid by RockRose Energy. The deal significantly enhances NEO NEXT+’s position in the North Sea energy sector.

Company Information

Company

NEO NEXT+ Energy

Location

Greater London, England, United Kingdom

About

NEO NEXT+ Energy is a company that has consolidated its operations by combining NEO Energy and Repsol Resources UK. The company primarily focuses on energy production in various sectors, including oil and gas. It is dedicated to sustainable practices within the energy industry. NEO NEXT+ aims to strengthen its market position through strategic acquisitions.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Deltic Energy?

Deltic Energy was acquired by NEO NEXT+ Energy, based in Greater London. The deal was reported on May 18, 2026. NEO NEXT+ Energy is a company that has consolidated its operations by combining NEO Energy and Repsol Resources UK. The company primarily focuses on energy production in various sectors, including oil and gas. NEO NEXT+ Energy is privately held and operates in Energy.

When did NEO NEXT+ Energy acquire Deltic Energy?

NEO NEXT+ Energy's acquisition of Deltic Energy was reported on May 18, 2026. NEO NEXT+ Energy Upstream UK is moving forward with its acquisition of Deltic Energy after Deltic repaid its debts. The acquisition, valued at approximately £7.2 million, involves a proposed offer of 7.7p per share for Deltic. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Deltic Energy do?

Deltic Energy is an oil and gas exploration company based in the UK. The company primarily focuses on unlocking and developing its portfolio of assets in the North Sea. It is privately held, operating in Energy, and is based in London.

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