BP has announced its agreement to acquire GETEC ENERGIE GmbH, a prominent independent energy supplier to commercial and industrial (C&I) customers in Germany. This acquisition will significantly enhance BP's European power and gas C&I supply presence, allowing the company to provide integrated energy solutions directly to both existing and new customers in Germany and across Europe.
GETEC ENERGIE GmbH, with over two decades of experience, expertise, and customer relationships, aligns with BP's strategy to become an integrated energy company focused on delivering energy solutions to customers. This acquisition will bolster BP's capabilities and expand its engagement with customers in established (power and gas) and emerging (renewable power, biogas, and hydrogen) energy markets.
This move underscores BP's commitment to expanding its presence in the European energy market and its dedication to providing a diverse range of energy solutions to commercial and industrial customers.