Ancala completed the acquisition of Solandeo.

Ancala, an independent infrastructure manager, completed the acquisition of Solandeo, an owner and operator of smart meters. Financial terms were not disclosed. “In Ancala, we have found an investor and strategic owner to drive our strategy forward and allow us to fully capitalise on our leading position in the German smart metering market. With the Ancala team, we will expand the business, lead the smart meter rollout in Germany and play an increasing role in Germany’s energy transition,” Friedrich Rojahn, Solandeo Founder and Managing Director.