GoCompare.com Group plc has acquired Energylinx for £10m in cash.
Energylinx is an energy comparison and switching specialist and has commercial relationships 69 domestic energy and 40 business energy suppliers. Customers include Which? and Citizens Advice Bureau. The company operates a white-label proposition, with around 200 active affiliates.
Matthew Crummack, CEO of GoCompare, said: “We are pleased to announce this acquisition, which marks yet another significant milestone for the Group as we continue to build services that work for both our customers and partners. Energylinx has an excellent reputation in the industry among energy suppliers and those who use its white-label services, and we will leverage our strong brand, tech and product capabilities to expand its reach and impact to help save even more people time and money.
Energylinx is headquartered in Alloa, Scotland and employs a team of 20 staff. Following completion, Ken Geddes, founder and CEO will join the Group.
UK, Wales, Newport & UK, Scotland, Alloa
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