Corporate Launch

Worcester, Mass. – October 21, 2026 -- CET Energy Solutions has launched as the parent of Commonwealth Electrical Technologies, Horton Electric and NuWave Energy, combining more than 300 employees across six locations in the Northeast, Mid-Atlantic and West Coast. The private equity-backed platform delivers projects nationwide.

Three acquired and founding businesses form the platform

Commonwealth Electrical Technologies, founded in Massachusetts in 2008, is the original business and keeps its name. Horton Electric, a Connecticut-based electrical contractor acquired in September 2026, also keeps its brand. NuWave Energy, acquired in 2025, operates in Massachusetts, California and Colorado and will move to the CET Energy Solutions name.

Munich – October 13, 2026 -- Autonex launched as a unified automotive marketplace group with annual revenues above €800 million, combining AutoScout24 and AutoTrader.ca across nine markets in Europe and Canada.

The Group reaches more than 40 million unique monthly users and works with over 45,000 dealer partners. It carries more than two million vehicle listings at any given time. It holds leading market positions in most of its markets, including Canada, Germany, Italy, Belgium, the Netherlands, Austria and the Nordics.

Autonex consolidates its brands onto a single shared platform

The launch reflects growing operational and technological integration around one platform featuring Autonex Intelligence. The platform draws on proprietary data from consumer interactions, dealer relationships and vehicle listings. It lets the Group roll out products and commercial capabilities across countries while keeping local market expertise.