Engie Completes Acquisition of UK Power Networks Ahead of Schedule
Engie announced on Thursday the completion of the acquisition of UK Power Networks, finalizing the deal well ahead of the initially planned schedule. This acquisition strengthens the group's presence in the electricity distribution networks in the United Kingdom.
Engie Group has finalized the acquisition of UK Power Networks, nearly two months ahead of the initially anticipated schedule. This move is part of the group's strategy to develop its electricity transmission and distribution network assets, which are pillars of its business portfolio. UK Power Networks is one of the largest electricity distribution network managers in the UK. This acquisition allows Engie to expand its footprint in critical energy infrastructure, a key sector for transitioning to a decarbonized economy.
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Engie is a major player in the energy transition, with over 90,000 employees in 30 countries. The group covers the entire energy value chain, from production to sales, including infrastructure. Its portfolio includes the production of renewable electricity and gas, flexibility assets such as batteries, and the transmission and distribution networks. The group invests an average of 12 billion euros per year to accelerate the energy transition and achieve its net zero carbon goal by 2045. Engie generated a revenue of 71.9 billion euros in 2025.
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