The repsolha oil company arrived at An agreement to buy 70% of the Electricity and Gas Marketing ODF Energía, which allows you to strengthen your presence in the business market by obtaining access to the platform of this company. This acquisition includes a portfolio of 22,000 business clients and a solid experience in the sector, according to the energy company.
ODF consolidation energy within Repsol
By virtue of this agreement, ODF Energy will be integrated into Repsol as a new platform, maintaining its identity, management team and current organizational structure. Based in Seville and Operations in Spain and Portugal, ODF Energy relies on an extensive network of collaborators to offer a flexible and close commercial modelwith a prominent approach in loyalty to strengthen its customer base.
Repsol growth strategy in the energy market
Repsol continues to advance in its expansion strategy in the energy client market in Spain, where it already has 2.7 million electricity and gas customers. Since its incursion into the electrical business with the acquisition of assets of Viesgo in 2018, the company has been expanding its client portfolioboth through its commercial strategy and through acquisitions in the sector.
In this sense, in 2023, Repsol acquired 50.01% of ChC Energía, which at that time was the seventh largest commercialization of electricity in Spain, as well as earns energy, participated by Angels (Juan Roig’s investment society), and the portfolio of 25,000 residential electrical clients and SMEs of Capital Energy, among other operations.
Declarations of those involved
Luis Santonja, Customer Strategy Executive Director, New Business and Digital Clients of Repsol, stressed that the incorporation of ODF Energy «Strengthen the presence in the business segment»opening new business and growth opportunities, thus consolidating Repsol’s position as leader in the energy sector in Spain.
For his part, Sergio Palmero, founder and sole administrator of ODF Energía, He stressed that the company has always advocated an honest, close and professional relationship model, which has been fundamental to capture Repsol’s attention. Also, Sergio Palmero mentioned that the vision shared with Repsol provides the necessary impulse to advance without losing the identity of ODF Energy.
Manuel Lustres, general director of ODF Energía, considers that the alliance with Repsol represents a crucial step in the trajectory of the marketerpromoting the consolidation of their business model and allowing them to face new challenges more solidly. Lustres emphasized that, despite this growth, they will maintain their fundamental values of closeness, transparency and an attractive value proposal.