Ready to cover continued digitization:

E.ON acquires Swedish company Coromatic

07/12/2019

Ready to cover continued digitization

E.ON has acquired 100 percent of the Swedish company Coromatic. The company is the Nordic region's leading provider of critical infrastructure and helps customers ensure data communication and power supply to critical installations by providing services and solutions that deliver emergency power and uninterrupted power supply.

Coromatic has more than 5,000 customers in the Nordic region, among them 60 percent of the Nordic's 100 largest companies, operating in a large number of industries such as data centers, healthcare, public sector, transport, industry, telecom, finance and retail. The company is based in Stockholm and has approximately 500 employees.

Critical infrastructures are an attractive future market for E.ON. In the wake of a digitizing society, the large growth of data centers increases the demands on reliability and security of supply. As a single second of interrupted power can cause two days of restarting the systems in a data center, the demand for uninterrupted power supply has increased. With the acquisition of Coromatic, E.ON gets access to cutting-edge expertise for the Nordic region's growing digitization.

“The acquisition is an important step towards becoming a leading energy solutions company. A future with smart buildings, artificial intelligence, and the internet of things means that the need for electricity and uninterrupted power supply will only increase. Coromatic as a leader in their field has an exciting growth plan, and I see promising opportunities for us to jointly create new and innovative solutions for customers across various industries”, says Karsten Wildberger, member of the E.ON board.

Coromatic continues to be an independent subsidiary and will run its business under its own brand and with current management.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.