E.ON is a German company that provides specialized energy solutions. The company was created in 2000 after the merger between VEBA and VIAG. Its operations focus on increasing renewable capacity, transforming power generation systems; decarbonization of transport and heating systems. In 2012, it signed an agreement to form a 50:50 joint venture with Brazilian power company MPX Energia to expand power operations in Brazil and Chile. The same year, E.ON acquired through its subsidiary DD Brazil Holdings an 11.7% stake in MPX Energia.