Severn Trent Green Power (STGP) has received the go-ahead from the Competition and Markets Authority (CMA) to finalise its proposed acquisition of Andigestion Limited. The move follows a detailed Phase 1 investigation.
The acquisition will bring an additional 45GWh of energy generation output every year, according to STGP.
It will also give STGP new reach into Southwest England, covering major cities such as Bristol, Gloucester and Exeter, which it said will help more businesses process and recycle their food waste into renewable energy.
Christer Stoyell, managing director of STGP, said: “We welcome today’s decision by the CMA concluding its Phase 1 investigation and providing STGP with the clearance to complete its acquisition of the Andigestion portfolio.
"This acquisition will improve localised competition and expand the geographical coverage of our market-leading operations.
"We are extremely excited to welcome all incoming employees into the Green Power business.
"We believe the existing Andigestion portfolio has the potential for significant growth and we look forward to delivering this in the coming years.”
Severn Trent Green Power’s acquisition of Andigestion gets green light
