Energy Assets completed the acquisition of Cortex Metering Solutions from Macquarie.

Energy Assets, an independent metering services, asset management and utility network construction companies, completed the acquisition of Cortex Metering Solutions, an industrial and commercial smart meter portfolio, from Macquarie, an Australian multinational independent investment bank. Financial terms were not disclosed. “The sale of part of our I&C portfolio will allow us to focus on our residential metering business - where we have an important role to play in helping meet our customers’ ambitious smart meter rollout targets. After a competitive process, we have chosen Energy Assets as a highly credible new owner, with longstanding experience and an impressive track record, who we believe can continue to deliver successfully for our commercial metering clients," Neil Denley, Macquarie Managing Director.