Dutch energy sector market leader Essent is taking over green energy provider Vandebron, the two companies confirmed on Tuesday. Financial details were not disclosed.
Vandebron, a niche player on the energy market, has some 200,000 customers and had always resisted being part of a larger group.
‘We want to make the switch to sustainable energy attractive to everyone and we need more scale to realise this,’ founder Matthijs Guichelaar said of the company’s change of heart. ‘We have always challenged the existing order but we are now opting to take our mission forward from inside out.’
Essent, with over 2.5 million customers in the Netherlands, is in turn owned by German energy giant RWE.
Vandebron was founded in 2013 and focuses on local energy production.
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