Ace Software Invests in UK Energy Technology Platform

19 Feb 2026 CW Team

MUG and MUGC provide software platforms and analytics led services across domestic and commercial markets, including API enabled acquisition tools, white label enrolment and switching systems, analytics led decision support and flexible procurement solutions, and sector specific advisory support. Their offerings are designed to improve operational efficiency, manage price volatility and enhance customer engagement within a regulated framework.

Following completion, Ace Software will hold 40 per cent of the fully diluted equity share capital on a post issue basis in each entity and will be accorded governance and control rights through contractual and equity mechanisms. Rights include majority board representation, affirmative voting thresholds, reserved matter rights and step up provisions to permit an increase to majority shareholding, subject to applicable laws and regulatory approvals. Accordingly the targets are expected to qualify as subsidiaries for accounting and regulatory purposes.

Ace Software is a technology led digital solutions group with over two decades of experience in software engineering, cloud native solutions, data and analytics, artificial intelligence and enterprise application services. The proposed transaction aims to diversify the group's portfolio through scalable, data centric platforms in developed markets and to capitalise on digitisation trends. The transaction remains subject to execution of definitive agreements, customary conditions precedent and receipt of regulatory approvals.

Ace Software Exports Limited has signed a binding term sheet to invest in MyUtilityGenius Limited (MUG) and MyUtilityGenius Commercial Limited (MUGC), companies based in the United Kingdom in the energy technology sector. The enterprise value for the combined entities is up to GBP five mn and the consideration will comprise a combination of cash and a share swap effected through preferential allotment of Ace Software equity shares. The transaction is intended to advance Ace Software's international expansion into a regulated, technology led market undergoing digitisation and sustainability driven change. MUG and MUGC provide software platforms and analytics led services across domestic and commercial markets, including API enabled acquisition tools, white label enrolment and switching systems, analytics led decision support and flexible procurement solutions, and sector specific advisory support. Their offerings are designed to improve operational efficiency, manage price volatility and enhance customer engagement within a regulated framework. Following completion, Ace Software will hold 40 per cent of the fully diluted equity share capital on a post issue basis in each entity and will be accorded governance and control rights through contractual and equity mechanisms. Rights include majority board representation, affirmative voting thresholds, reserved matter rights and step up provisions to permit an increase to majority shareholding, subject to applicable laws and regulatory approvals. Accordingly the targets are expected to qualify as subsidiaries for accounting and regulatory purposes. Ace Software is a technology led digital solutions group with over two decades of experience in software engineering, cloud native solutions, data and analytics, artificial intelligence and enterprise application services. The proposed transaction aims to diversify the group's portfolio through scalable, data centric platforms in developed markets and to capitalise on digitisation trends. The transaction remains subject to execution of definitive agreements, customary conditions precedent and receipt of regulatory approvals.

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