TP ICAP, a market infrastructure provider, today announced the acquisition of Aotearoa Energy, a New Zealand-based gas, power and coal brokerage.
The acquisition is complementary to ICAP’s brokerage business in Australian Power and Gas, as well as providing clients with access to the New Zealand Emissions Units (NZU) market. These are among the highest integrity units worldwide and sought after by global investors.
Daniel Skipper, founder of Aotearoa Energy, will continue to lead the company, which will continue to trade as Aotearoa Energy following completion of the acquisition. He will report to Kellee Campbell, Divisional Director, Energy & Commodities for Australia and New Zealand.
Kellee Campbell said:
“This is a strategically important acquisition for ICAP, and indeed for the wider TP ICAP Group, given our growth ambitions both in the region and in the sector. We are excited to be working with Daniel and his team to bring new products and services to market, such as facilitating access to NZ Financial Transfer Rights, which Aotearoa Energy currently offers to a small number of customers.”
Daniel Skipper, Aotearoa Energy said:
“The acquisition of TP ICAP marks the next exciting chapter in Aotearoa Energy’s growth and innovation journey and aligns with our commitment to deliver outstanding brokerage services to our customers. I am excited to complement our services to the NZ energy market with the additional resources, capabilities and scale that TP ICAP can bring.”