Addleshaw Goddard has advised Octopus Energy on the expansion of its heat pump business through the acquisition of Daulto GmbH. Founded in 2023, Heidelberg-based start-up Daulto has already installed 2,000 heat pumps and today has a team of 130 experienced employees.

The joint objective of Octopus Energy and Daulto is to become the market leader in the heat pump business in Germany. In doing so, Octopus Energy will not only accelerate the heat transition but will also focus on high service quality and customer satisfaction as well as technological expertise. Heat pump specialist Daulto becomes part of Octopus Energy's installation division.

The Addleshaw Goddard transaction team, led by Partner Dr Hubertus Schröder, included Fabian Neppessen (Managing Associate, both M&A, Hamburg), Eric Glattfeld (Partner, Energy, Munich), Manuela Finger (Partner, IP/IT, Munich), Janik Goßler (Partner, Commercial, Frankfurt), Jens Peters (Counsel, Employment, Hamburg) and Clarissa Faulstich (Managing Associate, Commercial, Frankfurt). Lucas Zoller (Legal Lead) led the transaction in-house at Octopus Energy.

Addleshaw Goddard has deep experience in the energy sector and regularly advises Octopus Energy on transactions as well as energy and regulatory matters.