E.ON acquisition
Image credit: Wikimedia

E.ON has acquired a Swedish company called Coromatic that is the Nordic region’s leading provider of critical infrastructure.

Stockholm-based Coromatic delivers emergency power and uninterrupted power supply to ensure reliable data communication and energy to critical installations.

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It has more than 5000 customers in the Nordic region, among them 60% of Sweden’s 100 largest companies, operating in a industries including data centers, healthcare, public sector, transport, industry, telecom, finance and retail.

E.ON board member Karsten Wildberger said the acquisition “is an important step towards becoming a leading energy solutions company. A future with smart buildings, artificial intelligence and the Internet of Things means that the need for electricity and uninterrupted power supply will only increase.”

E.ON sees critical infrastructures as an attractive future market. “In the wake of a digitizing society, the large growth of data centers increases the demands on reliability and security of supply,” said Wildberger.

“As a single second of interrupted power can cause two days of restarting the systems in a data center, the demand for uninterrupted power supply has increased.”

He said that with the acquisition of Coromatic, “E.ON gets access to cutting-edge expertise for the Nordic region’s growing digitization”.

Coromatic will be an independent subsidiary and will run its business under its own brand and with its current management.

This story originally appeared on our sister-site, Renewable Energy World.