TP ICAP, a top company in market infrastructure, has declared that it will purchase Aotearoa Energy, a firm based in New Zealand that handles gas, power, and carbon trading.
The purchase complements ICAP’s strong Australian Power and Gas trading business and will provide clients with access to the New Zealand Emissions Units (NZU) market, which are highly trusted by global investors.
Daniel Skipper, the founder of Aotearoa Energy, will continue to lead the company even after the purchase. He will report to Kellee Campbell, Divisional Director of Energy & Commodities for Australia & New Zealand.
Kellee Campbell said, “This acquisition is significant for ICAP and the broader TP ICAP Group, as it supports their growth goals in the region and sector. They are excited to collaborate with Daniel and his team to offer new products and services, including access to NZ Financial Transmission Rights, which Aotearoa Energy currently provides to a small number of clients.”
Daniel Skipper, Aotearoa Energy said, “TP ICAP’s purchase marks the next promising phase in Aotearoa Energy’s journey of growth and innovation and is in line with their commitment to providing outstanding trading services to their customers. They are pleased to enhance their NZ energy market services with the additional resources, capabilities, and scale provided by TP ICAP.”
