Swiss Life and Greencoat completed the acquisition of UK heating and cooling network activities from Equans for £260m.

Swiss Life and Greencoat, two investors, completed the acquisition of UK heating and cooling network activities from Equans, a company in the energy and services sector, for £260m ($322m). “We remain committed to Urban Energy’s net zero ambitions and plan to make investments in the coming years to support the continued decarbonisation and growth of both existing and new heat networks. This will serve the UK’s wider Net Zero objectives as well as the UK Government’s Levelling Up agenda, by supporting local employment and investment in local critical infrastructure," Gabriele Damiani and Minal Patel, Swiss Life Head of Core Infrastructure and Greencoat Partner.