In June of 2000, E.ON formed from the merger between the VEBA and VIAG companies, two of Germany's largest industrial groups, both founded in the 1920s. E.ON began a corporate integration process in 2003, which aimed to establish an increasingly uniform company image.
Today, E.ON has become an international name with a high level of brand recognition.
The mission of E.ON is to become the world's leading Electricity and Gas Company. Their strategy is to grow profitably and further improve their market positions.
Area of Operation
The businesses of E.ON are:
- E.ON holds assets of $152.92 billion.
- It made profits of $8.75 billion in 2006.
- It operates in Central Europe, the United Kingdom, Northern Europe, and the US Midwest.
- E.ON has 79,947 employees.
The E.ON Group, structured along market-oriented lines, is as follows:
- E.ON AG, the Group's Düsseldorf-based Corporate Center
- Lead companies, responsible for integrated management of their market units
- Business units, which manage their day-to-day business
The Group’s value-oriented approach aims to boost competitiveness and achieve profitable growth.
The management and leadership structure consists of:
- Board of Management
- Supervisory Board
- E.ON ranks 33 in the world according to Forbes Magazine.
- It ranks 64 in Fortune Global 500.
The E.ON Group is comprised of numerous companies, some of which are: E.ON Avacon, E.ON Mitte, E.ON Edis, E.ON Vendita, E.ON Sverige, E.ON U.S., E.ON Ruhrgas, E.ON UK, E.ON Bayern, E.ON Westfalen Weser, and E.ON Finland.