• Swindon & Wiltshire M&A, deals
• Friday March 14 2025
• Author Name: Peter Davison

Good Energy shareholders approve £100 million Dubai acquisition

Shareholders of Chippenham-headquartered renewable energy supplier Good Energy have voted in favour of a takeover by Esyasoft in a near £100 million deal.

At a court meeting and general meeting yesterday (Thursday) the majority of investors backed the acquisition, which was first announced back in January, when it said Esyasoft had offered £4.90 a share, valuing the company at £99.4 million.

Good Energy provides 100 per cent renewable energy to around 245,000 household and business customers in the UK.

It also specialises in letting users sell solar power back to the grid.

And in recent years it has grown its solar panels and heat pump installation offering.

Esyasoft is ultimately controlled by the Abu Dhabi International Holding Company, an investment company chaired by Sheikh Tahnoun bin Zayed al-Nahyan – a member of Abu Dhabi’s ruling family.

While the parent company is involved in drilling for oil and gas, Esyasoft focuses on power distribution technology.

In January, the firm reassured investors: “Good Energy has had the same express purpose to power a cleaner, greener future for 25 years.

“Today we have an opportunity with a partner that shares our sustainable energy vision and has the resources to accelerate our purpose substantially.”

Latest: Good Energy celebrates ‘strong’ performance as it prepares for takeover