Thomson Geer assists Energy360 on acquisition by AGL

3 May 2022

News

Australian biogas systems provider Energy360 is being acquired by energy giant AGL with assistance from Thomson Geer.

Thomson Geer has advised Energy360 on all aspects of the deal, including due diligence, drafting and negotiation of the transaction documents and implementing the acquisition.

AGL is acquiring Energy360 as part of its plans to support high emission industries to transition to a cleaner future.

Energy360 provides systems that produce biogas through the breakdown of residue organic materials in an oxygen-free environment and provides an effective renewable solution for commercial and industrial customers within agricultural, landfill, food processing and waste management industries.

The Thomson Geer team was led by Partner Jason Marcus, who said: “We’re pleased to have been able to help Energy360 join AGL and become part of its renewable energy strategy.

“Biogas has been identified as a major opportunity as industries seek to decarbonise their operations.”

Energy360 CEO Samantha Lamond said in a media release announcing the deal: “There are some enormous opportunities for businesses to engage with this proven zero-emissions, renewable gas solution, and we are very excited to be partnering with AGL to deliver this technology.”

Energy360 will form part of AGL Australia following AGL Energy’s proposed demerger this year.

Thomson Geer Associate David Thomas also advised on the deal.