Exit / M&A
Energy One to acquire GMSL in $99.8 million deal
Energy One has agreed to buy gas software firm GMSL from Fluxys in an all-scrip deal valuing GMSL at A$99.8 million, with Fluxys taking an 18.26% stake in the combined group.
Company
Energy One Limited
Sydney, NSW
Disclosed deals
Every published round Energy One Limited took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Portfolio
Companies Energy One Limited has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Funds
Fund closes reported for Energy One Limited, as distinct from the investments it has made.
Portfolio companies acquired
Companies Energy One Limited has backed that another company then bought. An exit for the holding, not a deal Energy One Limited did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Energy One Limited is recorded as having been acquired. | ||||
What Energy One Limited bought
Companies Energy One Limited acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| GMSL | Acquisition | 19 Aug 2026 | $99.8m | fluxys.com, boldinvestors.com.au |
People
| Name | Role | Sources |
|---|---|---|
| Ben Tranier | Chief Executive Officer | fluxys.com, newsnreleases.com |
Coverage
Stories naming Energy One Limited. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Exit / M&A
Energy One to Buy GMSL in A$99.8m All-Scrip Deal
ASX-listed Energy One has agreed to acquire UK-based GMSL from Fluxys for about A$99.8 million in shares, gaining European energy software operations, with completion targeted for November 2026.
Also fluxys.com