X (Twitter) LinkedIn
    Thursday, November 30
    Login
    0 Shopping Cart
    X (Twitter) LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Mergers & Acquisitions»NorthEdge acquires energy technology and data business Correla
    Mergers & Acquisitions

    NorthEdge acquires energy technology and data business Correla

    April 6, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Mid-market private equity firm NorthEdge has acquired Correla, an technology and data services business that aims to help create a less complex and more sustainable energy sector.

    The acquisition will see NorthEdge acquire Correla, following the divestment of the subsidiary by the Gas Industry’s Central Data Service provider Xoserve. The divestment will see Xoserve become a specialised contract management and assurance company as part of a restructure of its existing operations, undertaken to best serve the changing needs of the gas industry and its stakeholders.

    Correla was created to fuel innovation in the centre of the gas market and the wider energy sector. It will continue to deliver services back to Xoserve through a commercial contract (Data Services Contract Plus – DSC+), embracing existing commitments and remaining focussed on delivering outstanding customer service and operational effectiveness.

    The divestment and subsequent investment partnership with NorthEdge allows Correla to deliver new products and services, through investment in its data platforms and expansion into alternative energy markets through organic growth – alongside the potential for strategic acquisitions to accelerate services expansion.

    Read more/Source: Private Equity Wire

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals Mergers and acquisitions PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Warburg Pincus surpasses target to close $17bn private equity fund

    October 18, 2023

    Brookfield banks $12B for its largest PE fund

    October 18, 2023

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal – Copy

    March 19, 2023

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal

    March 19, 2023

    Comments are closed.

    Other Articles

    Goldman Sachs Asset Management invests $125m in supply chain cybersecurity provider

    April 20, 2022

    London tech set to reach new heights in 2022 following record year for VC investment

    January 13, 2022

    Alto Pharmacy raises $200 mln in SoftBank-led funding round

    January 28, 2022

    American Tower buys Telxius for €7.7bn in European push

    January 14, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    X (Twitter) LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?