The European Energy Exchange (EEX) is to acquire 100 per cent of energy analytics company Lacima Group.
Lacima, headquartered in Sydney, Australia, is a provider of technology solutions for trading and risk management in the global energy and commodities markets. Lacima’s risk analytics software manages valuation, optimization and risk management. Their trading analytics solution provides tools for pre-trade analyses, structuring and valuation, which further supports trading decisions for their customers.
EEX’s acquisition of Lacima Group will be a seamless process for all Lacima clients whose relationship with the company will remain unchanged. Lacima will continue to operate as an entity from its current offices in Sydney, London and Denver. All senior management members of Lacima Group will continue in their current roles and are fully committed to their long-term involvement with the company and its further success as part of EEX Group.
The completion of the deal is envisaged for January 2022.
