Repower : 04-05-16 - Swisspower Energy and Repower decide against comprehensive collaboration

On 18 December 2015, Swisspower Energy AG and Repower AG announced their intention of looking into comprehensive collaboration. Since then discussions have taken place. The outcome is that the two partners have decided not to pursue closer cooperation as planned at this time, deeming the anticipated synergies to be insufficient.

Swisspower and Repower will continue to work as partners.

Contact at Repower:

Kurt Bobst
CEO
T [phone]
M [phone]
[e-mail]

Werner Steinmann
Head of Media Relations
T [phone]
M [phone]
[e-mail]

www.repower.com

Contact at Swisspower:

Fredi Keller
CEO of Swisspower Energy AG
T [phone]
M [phone]
[e-mail]

Eric Nussbaumer
Head of Communications
Swisspower AG
T [phone]
[e-mail]

www.swisspower.ch

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Swisspower Energy AGis an energy company operating in Switzerland. The company currently has 17 shareholders comprising a network of independent municipal utilities. Swisspower Energy AG operates as an autonomous sales and distribution organisation offering services and commodities across Switzerland. In particular it provides its shareholders and other energy utilities with generation, procurement, sales and energy logistics expertise in the form of services.

Repower AG is an international energy group headquartered in Poschiavo, Switzerland. It has further offices in Küblis, Bever, Ilanz/Glion, Landquart, Zurich, Milan and Bucharest. The group operates along the entire value chain, generating electricity, trading energy, marketing electricity and gas to consumers, and maintaining a distribution grid. In Switzerland Repower has focused its business on energy trading, power plant management and services for energy utilities.