Brady Extends into Physical Power Trading
Brady, a provider of trading, risk management and settlement solutions to the energy, metals and soft commodities sectors, has extended Brady Energy’s product offering through the acquisition of syseca. syseca is a Swiss-based company providing logistics software for the electricity markets and adds up-to-date physical electricity trading capabilities to Brady. syseca has been operating since 1994 and its clients are based throughout Europe.
The acquisition has a strategic, commercial and financial rationale as it broadens Brady Energy’s product offering to include up-to-date, physical electricity real-time balancing and scheduling capabilities, with connectivity to most major transmission system operators (TSOs).
Ernst Killer, president of syseca, said: “We have worked in partnership with Brady on several occasions to provide solutions for customers in the energy market and strongly believe that becoming part of a well-resourced, publicly-listed company will offer our business immense potential to deliver solutions to a wider marketplace, through Brady’s global infrastructure.”