ENI Gas E Luce Finalizes the Acquisition of 20% of Tate Srl, a Tech Company in the Energy Market

Source Press Release
Company ENI S.p.A. 
Tags Corporate Deals, Deals, Power
Date June 08, 2020

Eni gas e luce, a company 100% controlled by Eni SpA, today completed the acquisition of 20% of Tate srl, an innovative start-up active since 2019 in the sale of electricity and gas exclusively online, thanks to its app. This operation allows Eni gas and light to invest in a completely digital tech company already active in the energy market and ready to develop and grow in digital services. With the support of Eni gas and electricity, Tate wants to grow by addressing mainly the Millennials segment, which now has about 13 million people in Italy and is destined to play a growing role in the world of work and in society, without forgetting that Millennials they use digital tools and services as a daily support for purchasing choices for goods and services.

With this acquisition, Eni's gas and power proves to believe strongly in the Italian fabric of start-ups and innovative technology, and especially in a team young and ambitious, able to develop an app that owns, with experience d ' simple and straightforward purchase, it allows the customer to sign his own electricity and gas supply contract in a few minutes and to manage it in complete autonomy.

Eni gas e luce wants to contribute to Tate's ambitious development plan in the field of digital services, in that of digital payments, through the growth of the electricity and gas customer base where Tate now has more than 3,000 customers. 

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