21.12.2021

Luther advises E.ON on acquisition of majority stake in Clean Tech company envelio

Cologne – Luther Rechtsanwaltsgesellschaft has advised E.ON on the acquisition of a majority stake in envelio GmbH, a clean tech software company based in Cologne. The acquisition is part of E.ON's efforts to create an open digital energy ecosystem – including for charging e-vehicles. In October 2021, Luther advised the energy group on the acquisition of a majority stake in the start-up gridX, one of the leading providers of smart grid intelligence in the energy sector.

In the course of the energy transition, more and more decentralised renewable energies and wallboxes for charging e-vehicles need to be connected to the grid. The products of envelio enable this new decentralised energy world. The combination with E.ON's industry expertise will further accelerate this development.

envelio is a specialist in digital grid management and has developed the "Intelligent Grid Platform". This solution enables grid operators to create a so-called "digital twin" of the energy grid in order to optimise grid planning and operations management as well as decisions based on real-time grid data.

envelio has already been working with the E.ON distribution system operators (DSOs) Westnetz and E.DIS for three years. The company was founded in 2017 as a spin-off from RWTH Aachen University and has a diverse and international team of more than 70 employees.

https://envelio.com

On behalf of E.ON SE:

E.ON SE in-house: Dr Tobias Rösner (Senior Legal Counsel), Kristina Bode (Legal Counsel), Tobias Bunz (Legal Counsel)

Luther, Corporate/M&A: Philipp Dietz, LL.M. (Partner and Lead), Dr Björn Simon (Partner), Dr Johannes Becker (Counsel), Katja Neumüller (Senior Associate), Falco Rohrberg, LL.M. (Associate)

Luther, IT/IP Law: Dr Maximilian Dorndorf (Partner), István Fancsik, LL.M. (Senior Associate)

Luther, Energy Law: Dr Holger Stappert (Partner)

Luther, Employment Law: Katharina Müller, LL.M. (Partner)