A North East consultancy which provides insights into the European energy market has been snapped up by a global investor.
The Riverside Company has acquired Stockton-based EnAppSys, which serves B2B clients across the energy market. The new owners, a private equity investor focused on the smaller end of the middle market, said EnAppSys will be an add-on to its Montel AS platform, a Norwegian provider of energy and electricity market information.
Launched in 2003, EnAppSys provides data, consultancy and information services to companies in the energy and power generation markets. Its services are used by some of the biggest wholesale energy market participants to improve their understanding of the market and maximise values.
