The CEO of North West energy tech firm Utiligroup has spoken of his excitement after a major shake-up sees him head up the global business.

The Chorley-based company was acquired by US technology business ESG in 2017 for a reported £100m.

Now ESG has decided to unify all its global operations and brands under one entity which will be headed up by Utiligroup CEO Matthew Hirst.

Although the reshuffle will mean the end of the Utiligroup name, Mr Hirst said the change will enable them to innovate quicker.

He said: “We have a fantastic global team of energy and technology professionals at ESG and the unification of our brands and operation will enable us to invest in new products for the future and to enter new markets at a quicker pace.

“We are passionate about providing innovative technology that empowers energy leaders to deliver on the future promise of energy. The energy market is already changing at a fast pace as it becomes more digital and data intensive.

“We are structuring our business to further enhance the value and collaborative ways in which we can help our customers to provide the best service to their energy consumers globally. ESG is excited to help create an energy future that provides better lives for everyone.”

The ESG software platform manages over tens of millions of customer meters around the world.

As part of the integration Utiligroup and US-based Latitude Technologies will become known as ESG starting in January 2021.

Utiligroup employs around 350 people in the UK, with 300 in their Chorley head office.

ESG has customers in North America, Europe and Japan which comprise the largest competitive energy markets in the world.