NorthEdge acquires Correla to target gas and hydrogen economy. Correla was created by Xoserve, as an independently owned business to fuel innovation in the gas market and beyond. In pursuit of its vision, Correla is delighted to announce their sale to NorthEdge.
On the acquisition of Correla by NorthEdge to target the gas and hydrogen economy
Sian Jones, Chief Executive Officer of Correla, said
As Xoserve, we have been the leading technology and data services company in the gas market for over 15 years; ensuring that terabytes of data flow seamlessly between gas consumers and gas networks.
“There is an incredible task ahead for the UK to meet its decarbonisation targets and we are committed to supporting our customers every step of the way – we are proud to be on this journey with them. Our acquisition by NorthEdge is critical to realising our vision and the development of new products, services and technologies which will be at the forefront of the energy industry and shaping its future.”
Andrew Skinner, Director and Head of the Midlands at NorthEdge, said:
Correla is already an integral service partner to stakeholders in the UK gas network, and we’re excited to support the team to enhance that performance.
“We have been investing in the energy and utilities sector for more than 10 years, and therefore understand first-hand how data has transformed the market and the role it will play in the transition to net zero. We believe that our experience of the sector, alongside our regional approach and investment style means that we are uniquely placed to meet the requirements of Correla.”
“We are extremely pleased to have Correla join our growing portfolio and look forward to working with Sian and the rest of the Correla management team to grow the business together – investing in people, products and innovation.”
NorthEdge will work alongside Correla Chief Executive Officer, Sian Jones, and her team, to deliver the business’ long-term vision of reducing industry complexity for the benefit of end consumers, which is an essential step on the industry-wide pathway to net zero.
Correla is the only technology service provider with end-to-end visibility of the UK’s gas network, and enables access to this data through a real-time, visual and interactive analytics dashboard on its Data Discovery Platform (DDP) – enabling customers to monitor the impact of Carbon reduction programmes and drive efficient energy usage.
With our support, Correla is well-placed to support the UK’s emerging Hydrogen economy through working with stakeholders across the UK gas network, helping them to decarbonise the UK’s gas infrastructure.
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Correla stated to be very excited to work with NorthEdge and looks forward to sharing more about their journey.