Acquisition – Brady extends into physical power trading
7th February 2011, London: Brady plc (BRY.L), the leading provider of trading, risk management and settlement solutions to the energy, metals and soft commodities sectors, is pleased to announce it has extended Brady Energy’s product offering through the acquisition of syseca AG (“syseca”). syseca is a Swiss-based company providing logistics software for the electricity markets and adds up-to-date physical electricity trading capabilities to Brady. syseca has been operating since 1994 and its clients are based throughout Europe.
The acquisition has a compelling strategic, commercial and financial rationale as it broadens Brady Energy’s product offering to include up-to-date, physical electricity real-time balancing and scheduling capabilities, with connectivity to most major transmission system operators (TSO’s).
