NUS Consulting Group, the world's leading provider of energy management solutions to businesses and energy intensive organizations, announced today that it has acquired Viking Energy Management, L.L.C., a private company, specializing in risk management and energy procurement. Viking Energy Management is based in Charlotte, North Carolina.
Today's increased economic uncertainty, energy price volatility and developing carbon emissions regulations are forcing businesses to change the way they think about sourcing and managing their energy requirements. To meet this challenge and minimize its potential impact on profitability, businesses are reassessing their risk management and sourcing processes as well as creating and implementing sustainability and carbon reporting programs," said Richard D. Soultanian, Co-President of NUS Consulting Group. The acquisition of Viking Energy Management will not only complement NUS Consulting Group's existing staff and services, but will also provide us with a strong and experienced energy trading and risk management team which will broaden our existing service offerings in this extremely important area. I am very pleased that Viking has agreed to join and become part of NUS Consulting Group."
NUS Consulting Group provides businesses services, tools, information and support to meet both today's and tomorrow's energy management challenges. Since 1933, NUS Consulting Group has been a trusted advisor to national and international businesses, providing unbiased advice as well as innovative solutions to improve their energy management processes and control energy costs. With offices in 14 countries around the world and more than 350 dedicated energy professionals, NUS Consulting Group provides the broadest and most extensive geographic coverage available in the industry.
Viking Energy Management was founded in 2003 by a team of industry veterans with experience in all phases of energy deregulation, both wholesale and retail markets. Viking works side-by-side with businesses to develop comprehensive commodity risk strategies and deliver specialized procurement solutions to reduce costs, mitigate risks, and improve financial performance.
"We are very excited to be part of NUS," said Bryant Lee, Co-Founder and Managing Director of Viking Energy Management. "This transaction recognizes Viking's unique strengths in the area of energy trading and risk management. By joining with NUS Consulting Group we become part of the world's largest and most respected energy management consulting firm and will be able to provide our energy trading and risk management support to NUS and Viking clients around the world."
Bryant Lee will continue to provide his expertise in his new role as Manager of Energy Trading and Risk Management at NUS Consulting Group.
For more information about NUS Consulting Group visit www.nusconsulting.com.
About NUS Consulting Group
NUS Consulting Group is the world's leading provider of energy management services to business and energy intensive organisations. Our energy management solutions include on-line energy data management, invoice audit/validation, rate/tariff optimization, sourcing, risk management, carbon benchmarking/reporting, market research and sustainability consulting. NUS Consulting Group maintains offices in 14 countries around the world and employs more than 350 energy professionals, providing the broadest and deepest geographic coverage available in the industry. More than 3,000 businesses around the globe rely on NUS's unbiased advice and expertise to assist in the management of their energy requirements.