EQT Partners to acquire Ocea Group from ICG.

EQT Partners, a global investment firm, agreed to acquire Ocea Group, a French water and heat submetering infrastructure provider, from ICG, a private equity firm. Financial terms were not disclosed. EQT plans to support Ocea’s growth in its core submetering business and across other adjacent solutions in the environmental, data management and smart housing segments. EQT would help Ocea to continue the expansion of its asset and client base, drive growth through capex-enabled sustainable energy solutions and make significant investments in digital customer services.