Stuttgart – GasVersorgung Süddeutschland GmbH (GVS) and EXXETA AG recently signed the memorandum of association for Tender365 GmbH. The registration phase for the digital electricity and gas tendering platform is due to begin on 20 August. The platform is based on an equal shareholding model. The OTC marketplace for energy projects is scheduled to commence operations on 3 September.
A CMS team headed by lead partner Dr Jochen Lamb advised GVS on all legal aspects of establishing the joint venture. In addition to structuring the corporate relationships and future cooperation between the partners, the advice also related to the transfer of all the project rights, in particular for the software already developed by the partners, to the joint venture company in order to ensure its independence. CMS regularly advises GVS parent company EnBW. A recent example is the advice provided on the “Hohe See” offshore wind farm project, which has a total output of 500 MW.
The Tender365 joint venture is conceived as an independent tendering platform “from the industry for the industry” which supports agile bidding as well as conventional tender procedures. Tender365 aims to ensure neutrality, data security, transparency and up-to-date information for all market participants. The platform enables gas and electricity products to be put out to market tender or offered for sale. Initially, standard trading products and schedules through to flexible products with different pricing models have been implemented. Market-oriented and innovative energy supply companies and large industrial firms have equal rights to submit offers and requests on the platform, which is open to all market participants.
EXXETA’s strengths include professional IT structures and solutions, together with extensive experience in developing trading systems, while GVS has expertise in the energy sector, plus stable customer relationships and access to producers and importers. Combining these strengths makes it possible to create an attractive trading platform for gas and power, with benefits for municipal utility companies, energy suppliers and industry.
Established in 1961, Stuttgart-based GasVersorgung Süddeutschland GmbH partners with municipal utility companies, regional energy suppliers and industrial companies within Germany and beyond. In addition to gas and electricity, GVS offers its market partners a wide range of energy-related services. Its sole shareholder since 2014 is EnBW Energie Baden-Württemberg AG.
CMS Germany
Dr Jochen Lamb, Lead Partner
Dr Carolin Armbruster, Partner
Martina Meier, Senior Associate, all Corporate
Dr Michael Kraus, Partner, TMC
Dr Christian Friedrich Haellmigk, Partner
Malena Hansen, Associate, both Competition & EU
Inhouse at GVS/EnBW
Dr Andreas Lückenbach
Press Contact
presse@cms-hs.com
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