BP has completed the acquisition of GETEC ENERGIE GmbH, a prominent energy supplier to commercial and industrial (C&I) customers in Germany. The agreement for this acquisition was announced in January 2024. This move is expected to bolster BP's European gas and power presence and create opportunities for the growth of integrated lower carbon energy solutions for C&I energy customers in Germany and other parts of Europe.
With the acquisition, BP will now directly supply gas and power to C&I customers in the countries where GETEC ENERGIE GmbH operates, primarily in Germany, and additionally in the Netherlands, Austria, Belgium, and Poland. This expansion aligns with BP's strategy to enhance its offerings in the European energy market and underscores its commitment to providing energy solutions to commercial and industrial customers.
This acquisition marks a significant step for BP in expanding its presence in the European energy sector and underscores its commitment to providing integrated energy solutions to commercial and industrial customers. This strategic move is in line with BP's efforts to grow its footprint in the European market and offer a broader range of energy solutions to its customers.