In February 2018, JZI teamed up with an outstanding management team to develop a buy‐and‐build strategy in the Spanish energy distribution sector (“last mile” access, connecting customers to the national grid). Luxida’s strategy is to acquire high-quality assets with long-term regulated revenues at attractive entry multiples and assemble a critical mass in Spain. Additionally, Luxida intends to build a significant energy supply business and develop other adjacent business lines.