Energy-trading company Entrade adopts the Atel name in 2006. All eight national companies will either change their names or be integrated into Atel’s sales companies, and the Entrade name will no longer be used.
The change of name at Entrade is being triggered by a new distribution structure. Entrade’s sales companies in the Czech Republic, Slovakia, Slovenia, Croatia and Romania will in future bear the Atel name, while the Entrade companies in Poland, Hungary and Germany will be integrated into Atel’s sales companies in those countries. The integration and change-of-name process is scheduled to be completed in the first half of 2006.
Entrade has been an independent subsidiary of Swiss energy company Aare-Tessin Ltd. for Electricity (Atel) since 2002. Entrade’s holding company, which is based in Switzerland, has already changed its name to Atel Energy GmbH.
Aare-Tessin Ltd. for Electricity Corporate Communications
Aare-Tessin Ltd. for Electricity (Atel)
Aare-Tessin Ltd. for Electricity (Atel) is the leading production-based energy service provider in Switzerland and operates at a pan-European level. Founded in 1894, Atel focuses on the two core businesses of production-based Energy Trading and Energy Services. The group of companies, domiciled in Olten, employs a staff of around 8000 and generated a turnover of CHF 7 billion in 2004. Its main markets in the energy sector are Switzerland, Italy, Germany and the Central and Eastern European countries. Its goods and services range from portfolio management and group energy supplies, to energy derivatives and option contracts, to establishing distribution concepts involving other partners. Trading and distribution are supported by a number of proprietary hydraulic and thermal power stations plus a broadly ramified transmission grid. With its Energy Services Division, Atel provides all technical services pertaining to energy (electricity, gas, oil and biomass) and its uses as power, lighting, cooling and heating, communication and security. Atel is among the leading providers of Energy Services in both Switzerland and Germany.