Announced
Financials
Tags
Pending
Majority
Private Equity
Domestic
United Kingdom
Specialty Contracting
Friendly
Private
Single Bidder
smart-metering
Acquisition
Synopsis
Equitix, a UK investor, developer and fund manager, agreed to acquire Maple TopCo, a smart-metering business, from investors OMERS, Ontario Teachers' Pension Plan Board and SSE. Financial terms were not disclosed. "We are delighted to be acquiring MapleCo and keen to deliver its next phase of growth. This acquisition furthers our participation in the UK smart metering programme which aligns with our business objectives of investing in the country's sustainable energy transition initiatives," Achal Bhuwania, Equitix Deputy Chief Investment Officer.
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