The first documents filed this year with the Trade and Companies Register (RCS) mark the end of a saga. That of Hoffmann Frères Énergie et Bois, which had been looking for a buyer since 2022 and finally found the ideal acquirer in Enovos.
The energy network for the town of Mersch (1.6km of overhead medium-voltage lines, 106km of underground medium-voltage cables, 165km of underground low-voltage cables, 50 20kV/400V transformer stations, 29 20kV/400V customer stations and eight employees) has been integrated into Creos.
The 'wood and networks' activities, the sawmill and the showroom in Mersch, were sold to a new entity, Hoffmann Frères Bois, whose shares were themselves sold to the entrepreneur Claude Wagner.
And the electricity and gas supply business, known as Electris, was taken over by Enovos on 1 January. "Customers have been informed since October 2024. Former Electris customers will benefit from the reduction in electricity tariffs through the alignment of Electris' Switch Flex products with Naturstroum. Customers with a fixed tariff (electricity and gas) will continue to benefit from the same terms and conditions as those offered by Electris," stated the energy company, adding that "Diego (part of the Encevo group) will become Electris Luxembourg and will take over the 'energy as a service' activities (installation of solar panels, heat pumps and electromobility) previously operated by Electris and which cannot be taken over by Enovos.
"This move from Diego to Electris embodies an ambitious strategy to strengthen Electris' commitment to intelligent and sustainable energy management," the company announced at the end of December. "Energy transition services include: electromobility (a complete ecosystem for electromobility, with a network of charging stations, tokens for users and a dedicated management platform for businesses and individuals); photovoltaics (a photovoltaic solution that allows customers to produce their own green energy, supporting local and decentralised energy production); heat pumps (a range of heat pumps for more sustainable heating solutions, reducing both energy costs and CO₂ emissions)”. A fourth area called 'community’ is a subscription-based energy sharing and optimisation solution. “This totally innovative turnkey solution in Luxembourg gives customers access to cutting-edge technologies at no upfront cost, making it easier to manage and share renewable energy within communities.”
“I am extremely excited about the prospects ahead of us,” said CEO Vincent Lekens. “By combining our strengths, we are creating a truly unique company, capable of meeting tomorrow's challenges and taking concrete and effective action on many varied and exciting projects in the field of energy transition. From January 2025, we will be on the market with new digital tools that will enable our residential and business customers to better manage their energy flows.” Since the start of the year, Electris has employed around 45 people.
In another new move at the start of the year, the energy company has absorbed Enovos Energie, its energy supplier in France, which ended 2023 with a doubling of its sales to €144.38m, boosted by the rise in gas prices. Enovos Energie sold 592 GWh of electricity in France in 2023 and 167 GWh of gas. The business registry filings also noted that the seven brokers who work with the company are subject to a strict KYC system, which is useful at a time when the origin of gas is being questioned in many parts of Europe.
Read the French-language version of this news report /