Private equity-backed Joulz has acquired Centrica's energy solutions businesses in Italy and the Netherlands, marking a strategic expansion in the European market. The deal, backed by 3i Group, strengthens Joulz's position in the energy services sector across continental Europe.

Centrica, the UK's largest energy supplier, has been restructuring its international operations to focus on core markets. The sale of these European assets aligns with the company's strategy to streamline operations and improve profitability. Joulz, already active in the energy transition space, gains valuable infrastructure and customer relationships through this acquisition.

The transaction details remain undisclosed, but industry analysts view this as part of the broader trend of private equity firms acquiring energy assets as the sector undergoes transformation. For Centrica, the deal represents another step in its portfolio optimization, while Joulz positions itself for growth in the evolving European energy landscape.