Apricum, the transaction and advisory firm specialized in clean technologies, acted as the exclusive sell-side M&A financial advisor to depsys for its M&A transaction with Octopus Energy Group’s Kraken. The resulting acquisition of depsys and its GridEye solution is expected to help drive the global renewable energy transition by accelerating the penetration of digital energy platforms in the European utilities space.

Based on Apricum’s broad global network, the mandate saw Apricum execute a comprehensive buyer search that successfully identified a suitable buyer. In addition to increasing Kraken’s presence in Switzerland, depsys’ innovative power grid platform known as GridEye will empower electricity grid operators across Europe with the real-time data that enables them to better manage and develop their networks.

“We are really excited to be part of Kraken and looking forward to realizing our shared ambition to contribute to a net zero world. Apricum supported us with valuable in-depth transaction knowledge, process execution and an industry network.” said Michael De Vivo, CEO depsys.

“We are proud to be a reliable partner that enables our clients to help drive the global energy transition by bringing their renewable energy solutions to end users. depsys has developed an innovative grid management solution which is critical to increasing the use of renewable energy,” said Nikolai Dobrott, Apricum managing partner.

Apricum was exclusive financial advisor to Upside Energy on its sale to Octopus in 2020, where it has prospered and grown. Upside is now called Kraken, today’s buyer of depsys and Apricum is delighted to continue this relationship with a market leader. Successful enablement of this sell-side M&A transaction is further proof of Apricum’s extensive global network in the cleantech space. It also illustrates Apricum’s ability to execute an effective and efficient transaction process while cementing its expertise in smart grids and digital energy solutions.

About Apricum
Apricum – The Cleantech Advisory is a transaction advisory and strategy consulting firm specialized in the cleantech and renewable energy space. Apricum’s team combines decades of experience in industry, corporate finance and project finance, with an in-depth understanding of renewable-energy market dynamics. Apricum has an extensive global network among equity and debt investors, providing expertise and support to close the most favorable transactions. Apricum is headquartered in Berlin with offices in Paris, London and Dubai as well as representatives in Europe, the Middle East, Southeast and East Asia and North America.


Apricum contact
Martin Milinski, manager marketing and communications
[email protected]

Apricum – The Cleantech Advisory
Spittelmarkt 12, 10117 Berlin, Germany
www.apricum-group.com