The company is a global provider of specialized energy solutions. The company's set-up ensures that roles and responsibilities are clearly defined across its organization so that it can achieve its objectives in the most efficient way possible. It was formed in June 2000 by the merger of VEBA and VIAG, two of Germany's largest industrial groups, each with an impressive history in its own right. The company has a registered office located in Dusseldorf in North Rhine-Westphalia, Germany.The company serves as Group Management. It oversees and coordinates the operations of the entire Group. These operations are segmented into global units (by function) and regional units (by country). It has five global units: Generation, Renewables, New Build and Technology, Gas, and Trading. Twelve regional units in Europe manage its sales operations, regional energy networks, and distributed-generation businesses in their respective countries. Russia is a special focus country. Support like IT, procurement, and business processes will be organized functionally.The company is one of the world's largest investor-owned power and gas companies, with facilities across Europe, Russia and North America. The company has an ambitious objective: to make energy cleaner and better wherever it operates. Going forward, it intends to expand its business outside Europe. Its new strategy, whose motto is cleaner and better energy, will transform the company into a global provider of specialized energy solutions.
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