Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million on January 21, 2026. The agreed sale price generates expected total sale proceeds of £42 million which represents an enterprise valuation of £36 million plus an estimated net working capital and cash adjustment of £6 million, which is subject to customary closing adjustments.

Flexitricity today employs over 85 people across operations, technology, engineering, finance, sales and trading.

Transaction is conditional on completion of regulatory approvals and processes. Completion is expected in Q1 2026.

Jefferies International Limited acted as financial advisor for Quinbrook Infrastructure Partners Pty Ltd. DLA Piper Group acted as legal advisor for Quinbrook Infrastructure Partners Pty Ltd.

Drax Group plc (LSE:DRX) completed the acquisition of Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. on April 1, 2026.