Announced
Completed
Financials
Sources
Tags
Single Bidder
United Kingdom
Specialty Retailers
Domestic
Private
Completed
Acquisition
Majority
metering equipment
Friendly
Private Equity
Synopsis
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.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.