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Allen & Overy advises shareholders on sale of Entelios AG to EnerNOC

17 February 2014

Allen & Overy LLP advised the shareholders of Entelios AG, Munich, on the sale of all shares to EnerNOC, Inc., a NASDAQ listed provider of energy intelligence with registered office in Boston/Massachusetts.
 
Entelios AG, which is active in the smart grid field, operates a technology platform whose demand response solutions help market participants to profit from imbalances between power supply and demand in power grids. The growing supply of renewable energy increases the need for such systems not only in Germany. By acquiring Entelios, EnerNOC picks up the pace for its market entry in Europe.

The Allen & Overy team comprised partner Dr. Michael J. Ulmer and senior associates Tobias Greven and Dr. Marco Niehaus (all Corporate/M&A, Frankfurt).