Further to the announcement of 4 April 2012, Inspired Energy PLC is pleased to announce that it has fulfilled the conditions set out in the acquisition agreement to acquire Direct Energy Purchasing Limited, an energy procurement adviser to predominantly multi-site corporates, for a total consideration of up to £4.0 million.

“The acquisition of DEP received strong support from our shareholders. We look forward to working with the enlarged operational team and broader client base. We believe that both businesses will be stronger following the integration of DEP into the Group and we will continue to increase the breadth of sectors covered by the enlarged Group and grow the size of our client portfolio.”

Janet Thornton, Managing Director

Read the full regulatory announcement, here.

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