E.ON has today signed an agreement to acquire the UK energy supplier OVO, strengthening its position in one of Europe’s largest energy markets. E.ON already supplies around 5.6 million customers in the UK. With OVO, around a further four million customers are expected to be added.

“The United Kingdom is an important growth market for E.ON, particularly for flexibility and customer‑focused energy solutions,”said Marc Spieker, Chief Operating Officer Commercial at E.ON. “The planned acquisition of OVO strengthens our retail business and underlines our commitment to be the trusted partner of choice for our customers. Energy flexibility and electrification are becoming increasingly important and are critical to the success of the energy transition. At E.ON, we are passionate about developing solutions that enable customers across Europe to play an active role in making our energy systems both, reliable and affordable.”

With around seven million smart meters installed, E.ON and OVO together connect more than 60 percent of their customers in the UK in a fully digital manner. This high level of digitalization provides a strong foundation for further innovation in electricity, heating and e‑mobility. E.ON plans to bring innovations to Germany and continental Europe to make intelligent energy solutions available to customers across Europe on a large scale.

The parties have agreed not to disclose the purchase price. The planned acquisition is subject to regulatory approvals, especially by the UK regulatory authorities including the Competition and Markets Authority (CMA).

Closing of the transaction is expected in the second half of 2026. Until regulatory clearance has been obtained and closing has been reached, E.ON Next and OVO will continue to operate as legally and operationally independent companies.