Eniig
The birth of a modern utility company
Valcon was advisor in the merger of Energi Midt and Himmerland Elforsyning – a merger which created Eniig, the third largest energy company in Denmark.
SITUATION
The board of directors and the assembly of representatives in EnergiMidt and Himmerland Elforsyning had decided to merge. The reason for the merger was based on a wish to ensure the future and the development of the companies in a shared company being able to realise economies of scale and synergy effects. The client wanted Valcon’s help in planning, designing and implementing the merger.
RESULTS
The merger was executed as planned in the defined framework of the merger, including divisions and administrative staff. “Secure” operations of the new energy company was implemented. The merger, which created Denmark’s third largest energy company, was planned and implemented by means of Valcon’s programme management competences.
The short-term benefits were quickly realised.
A development plan was furthermore developed in order to realise the long-term benefits of the merger.
Want to know more?
