TP ICAP, a world-leading provider of market infrastructure, announced the acquisition of Aotearoa Energy, a New Zealand-based gas, power, and carbon brokerage firm.

The acquisition is complementary to ICAP’s market-leading Australian Power and Gas brokerage business as well as giving clients access to the New Zealand Emissions Units (NZU) market. These are amongst the highest integrity units worldwide and sought after by global investors. 

Daniel Skipper, Aotearoa Energy’s founder, will continue to lead the company, which will carry on trading as Aotearoa Energy following completion of the acquisition. He will report into Kellee Campbell, Divisional Director, Energy & Commodities for Australia & New Zealand.

Kellee Campbell said, “This is a strategically important acquisition for ICAP, and indeed the wider TP ICAP Group, given our growth aspirations in both the region and sector. We are excited about working with Daniel and his team to bring new products and services to market, such as facilitating access to NZ Financial Transmission Rights, which Aotearoa Energy currently offer to a small number of clients.”

Related Article: Morningstar Launches Low Carbon Transition Leaders Indexes

Daniel Skipper, Aotearoa Energy said, “TP ICAP’s acquisition marks the next exciting chapter in Aotearoa Energy’s journey of growth and innovation and aligns with our commitment to delivering exceptional brokering services to our customers. I am thrilled to complement our NZ energy market services with the additional resources, capabilities, and scale that TP ICAP can offer.”