Announced
Completed
Financials
Sources
Tags
Acquisition
United Kingdom
Private
Friendly
Domestic
Private Equity
Single Bidder
Electronic Components and Equipment
industrial gas meters
electricity meters
Majority
Completed
Synopsis
Equitix Investment Management, completed the acquisition of a portfolio of industrial gas & electricity meters from Smart Metering Systems, installer, owner and manager of energy meter assets in the UK for £291m. "With a strengthened balance sheet, we will also be in a much stronger position to invest in the sizeable UK smart meter rollout programme, which is central to the establishment of a decentralised and decarbonised energy system," Alan Foy, Smart Metering Systems Chief Executive Officer.
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