* Deal for undisclosed amount
* Sees deal to be dilutive in 2011 and 2012
* Expects deal to add to earnings beginning 2013
July 6 Energy efficiency company EnerNOC Inc
said it has bought Energy Response Pty Ltd, the largest
demand response provider in Australia and New Zealand for an
undisclosed amount, to strengthen its position in western
Demand response companies such as EnerNOC work with power
grid operators, utilities and large power consumers to cut
energy use during expensive peak hours, alleviating pressure on
The deal also marks the Boston-based company's entry into
the electricity markets of eastern Australia and New Zealand.
Energy Response has a network of commercial, institutional,
and industrial demand response providers across Australia and
EnerNOC expects the deal to be dilutive
to earnings in 2011 and 2012, but to add to earnings beginning
The company now has the opportunity to deliver 240 megawatts
of demand response capacity in the 2012-2013 year, up from its
initial position of 100 megawatts, it said.
EnerNOC shares closed at $16.22 on Wednesday on Nasdaq.
(Reporting by Vaishnavi Bala in Bangalore; Editing by Joyjeet
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