KKR, an American global investment company, agreed to acquire Smart Metering Systems, a British energy infrastructure company, for £1.4bn. "KKR's offer recognises the strength and resilience of our model and will ensure SMS has the necessary capital to accelerate and unlock its full growth potential. The offer price represents a significant premium to the current share price and allows shareholders to realise immediate and attractive value for their shareholding," Tim Mortlock, SMS CEO.