CleanPeak Energy Retail Pty Ltd entered into an agreement to acquire Embedded Networks Business of Energy Action Limited for $0.11 million.

Energy Action Limited is an Australia-based independent energy company. The Company’s principal activities are providing integrated energy management services to a diverse base of commercial, industrial and small and medium sized business customers. The Company operates through two segments: Energy Buying and Energy Management. Energy Buying segment is engaged in Broking or Consulting using a range of procurement methodologies, including auctions, tenders, progressive and structured purchasing, corporate power purchase agreements, and broking of solar and energy projects. Energy Management segment manages client energy contracts and environmental reporting, including account management, liaison with their retailer, validating their bill, ensuring the right tariff and helping them to understand how they are using energy.