• Energy One to acquire 100% of GMSL, a leading European energy software provider
• Transaction expected to be materially value accretive to Energy One shareholders
• Fluxys to become Energy One's largest shareholder and strategic partner
• Expected completion by November 2026, subject to conditions

Energy One Limited (ASX:EOL) has announced its intention to acquire 100% of Gas Management Services Limited (GMSL), a leading provider of energy market software and services in Europe. The acquisition is expected to strengthen Energy One's European platform, increase exposure to high-quality recurring revenue, and create a larger base for customer expansion and operational leverage. The transaction, structured as an all-scrip acquisition, will see Energy One issue 7,089,780 shares to Fluxys, GMSL's current owner, implying an enterprise value of $99.8 million. Following completion, Fluxys is expected to hold approximately 18.26% of Energy One, becoming its largest shareholder and a long-term strategic partner. The acquisition is expected to be materially value accretive to Energy One shareholders and is anticipated to be completed by November 2026, subject to various conditions, including shareholder approval.

Expected to be materially value accretive to Energy One shareholders

The acquisition is expected to strengthen Energy One's European platform, increase exposure to high-quality recurring revenue, and create a larger base for customer expansion and operational leverage.