MERCHANDISER
Brady Extends Energy Footprint
BRADY PLC, a leading supplier of commodity trading and risk management solutions, has acquired Navita Systems AS, a premier provider of software and services to the global energy and commodity trading community. This acquisition further extends Brady’s footprint in the energy market as Navita’s solutions support power, gas, emissions and related commodities. Furthermore, Brady will gain an extended functional footprint in the areas of physical power and gas, as well as data management, scheduling and nominations, enhancing its current product offering to energy market participants. Norwegian -based Navita, founded in 2003, was formed
out of the world’s first power exchange, Nord Pool, and has an established world-wide client base, with long-term clients including major energy producers and traders. This acquisition will further strengthen Brady’s position as the largest European provider of specialist, integrated trading and risk management solutions. Brady made a successful share placing with which to
finance the acquisition. This follows a £15 million placing in December 2010 and demonstrates continued strong support for Brady’s aggressive growth strategy. “The completion of this acquisition will represent a
significant step for Brady in our strategy to accelerate growth in our energy business and builds on the success to
date of our Viz Risk Management acquisition in December 2010,” Gavin Lavelle, Brady CEO said. “We will significantly increase the depth and breadth
of our energy solutions portfolio by welcoming a team of highly-trained staff from Navita – individuals who know the marketplace and the market participants, and who already have existing client relationships. As a result of the acquisition we will also now have a greater presence in targeted international markets where we see significant opportunities for further growth. This will result in our being able to offer a greater service to our enlarged customer base,” Lavelle added. Brady has also acquired syseca AG a Swiss-based
company providing logistics software for the electricity markets, adding up-to-date physical electricity trading capabilities to Brady. Brady will now be able to offer its clients full cross- commodity coverage, with integrated solutions for the entire lifecycle of commodities and energy trading from capture, through processing, inventory, invoicing and, ultimately, reporting P&L on the trades. Brady secured 14 substantial new licence contracts
in 2011 and expects to report EBITDA growth of approximately 70%, in line with market forecasts.
www.bradyplc.com
6th
World Wire & Cable Conference (Incorporating the 33rd KMI Fibreoptics Conference)
11-13 June, 2012, Vienna Marriott Hotel, Vienna, Austria
Key topics to be discussed: • World economic outlook and the Eurozone • Leading market trends and global demand • Wireless technology and how it will impact the cable industry • Recent trends in transportation • Energy mix of tomorrow and what it means for the wire and cable market
www.wireandcableconference.com Media Partner: Organised by CRU Events
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