Firmus has sold firmus energy, its gas supply business, to Yuno Group.
The firmus supply business started operating in 2005, and, by volume, is Northern Ireland’s largest gas supplier in terms of volume.
Yuno Group is based in Dublin, Ireland, and is one of the country’s largest players in the electricity and gas retail markets.
Firmus energy (Distribution) Ltd will still own-operate the Ten Towns gas network.
It will focus on connecting customers to the gas grid and facilitating injection of locally produced renewable gases into the network.
Niall Martindale, chief executive of firmus energy (Distribution) Ltd. said: “We are very proud of the gas supply business which has been built over the last 19 years and we are grateful for the loyalty which customers have shown to us over that time.
“The supply business is now ready to stand alone, and we are confident it will go from strength to strength under the new ownership of Yuno Group, following tremendous growth under its tenure with Equitix.
“We will continue to own and operate the networks business, where our focus will be the continued growth of connections to our gas network, and the injection of renewable gases such as biomethane, which will support a strong local, and circular, decarbonised economy for Northern Ireland.” Equitix chief operational officer Sion Jones said: “We’re delighted to be handing over the firmus energy supply business to Yuno Group, who we believe will continue to grow the business.
“The partnership between Equitix and firmus has achieved incredible outcomes in the last five years and we’re proud to have been participants in firmus’ story of growth while delivering critical infrastructure across the UK.”
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