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[July 2003]
Jaakko Pyry Group Acquires British Energy Consulting Group
Electrowatt-Ekono, which belongs to the Jaakko P yry Group's Energy business group, has expanded its energy consulting operations by acquiring ILEX Energy Consulting Ltd, situated in Oxford, England. The company's net sales for 2002 were €3.7 million. Its senior management and key resources will take up positions within Electrowatt-Ekono.
Founded in 1990, ILEX Energy Consulting specialises in the competitive deregulated electricity, gas and emerging carbon and renewable energy markets. The company is a recognised energy consultant in these areas and it is active in the UK and Ireland and, more recently, also in Italy and Spain. The company's major clients include energy producers, utility companies, distributors, banks and governmental authorities.
Electrowatt-Ekono had net sales of €112 million in 2002. It has offices in 20 countries and employs 1,100 experts world-wide. It is based in Zrich, Switzerland.
ENDS