Global Energy Decisions Expands in London
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Global Energy Decisions a vendor of integrated software, data, and consulting solutions to the energy industry, has acquired KW International, Ltd. (KWI), a leading energy trading and risk management (ETRM) software firm. Financial terms of the transaction were not disclosed. As part of the transaction, KWI and Global Energy will consolidate London offices, creating a single European headquarters for Global Energy. KWI's management team, including Chief Executive Officer David Bucknall, will remain with the newly combined company, which retains the Global Energy brand name. Quadrangle Group LLC remains a shareholder in Global Energy and Insight Venture Partners, a previous backer of KWI, will take an equity stake in Global Energy. While KWI's flagship ETRM product K2 will be available on a standalone basis, Global Energy is working to integrate K2 into its EnerPrise EPM platform. With K2, Global Energy now offers a comprehensive and integrated suite of software and services on a single platform, including forecasting, generation modelling, simulation, financial planning, market data/analytics, and ETRM solutions.
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