Energy Action acquires leading energy consultancy EnergyAdvice

by Energy Action | Aug 19, 2014
Energy Action acquires leading energy consultancy EnergyAdvice.

Leading energy management company, Energy Action Limited (ASX:EAX), today announced that it has acquired highly regarded energy consultancy business, EnergyAdvice Pty Limited ("EnergyAdvice").

Established in 1997 by Mr Phil Randall, Energy Advice is a profitable , debt-free business with a core competency in energy procurement, contract management services and a speciality consultancy service. The company's operations will complement Energy Action's energy procurement and contract management offering and significantly strengthen  EAX's access to large energy load customers.

EnergyAdvice has long term engagements with a blue-chip client list representing large commercial and industry energy consumers. These clients are highly complimentary to Energy Action's currently accessible market base.

EnergyAdvice provides comprehensive energy management, procurement, reporting, auditing, energy efficiency, advisory and project management services across a broad range of energy commodities including electricity, gas, LPG, fuels and renewables. The company employs over 30 staff and has offices in Melbourne, Sydney and Brisbane.

Energy Action is also pleased to confirm that EnergyAdvice's current Managing Director and founder, Mr Phil Randall, will remain with the business in an operational capacity and as an Executive Director, transitioning to a Non-Executive Director by July 2015.

Further information about EnergyAdvice can be found at

www.energyadvice.com.au.

ASX Announcement - Energy Action acquires leading energy consultancy EnergyAdvice