Vattenfall acquires Delta Energie

Vattenfall intents to buy Dutch electricity and gas sales company DELTA Energie. DELTA Energie will continue to operate from Zeeland as an independent company.

DELTA Energie has 120 employees and 170,000 customers, consisting of households and small and medium sized companies. Its base and large majority of customers is in the province Zeeland in the south of the Netherlands.

Vattenfall is only taking over DELTA Energie BV and not the telecom service provider DELTA Fiber Nederland BV. With the acquisition, which is subject to positive advice from DELTA’s works council and approval from the Netherlands Authority for Consumers and Markets (ACM), the two companies will be able to take even greater steps to provide fossil free energy to customers.

“With DELTA Energie we are strengthening our position in the Netherlands and are expanding Vattenfall’s portfolio with a strong, green company that has a long history in Zeeland. The loyalty of DELTA’s customers and employees alike is a perfect fit for us and for what we, as Vattenfall, stand for. We are therefore very proud that we can embrace DELTA Energie. We want to make it possible to live free from fossil fuels within one generation, and can now include DELTA in our mission”, says Martijn Hagens, Senior Vice President and Head of Business Area Customers & Solutions, Vattenfall.

“I’m glad that through the acquisition by Vattenfall, DELTA Energie is given a solid base to remain a frontrunner in the development towards energy from sustainable sources. And our strong bond with the province of Zeeland remains intact: we will continue as DELTA, for telecom as well as energy”, says DELTA CEO Marco Visser. “We have already created a new future prospect for our telecom company by taking over Caiway. DELTA Energie is now gaining a foundation on which a sustainable future can continue to grow.”

The parties have agreed not to disclose the commercial terms of the agreement. Photo: Martijn Hagens, Vattenfall