KKR-backed Smart Metering Systems to acquire Horizon Energy Infrastructure and Smart Meter Assets from Arcus Infrastructure Partners.

KKR-backed Smart Metering Systems agreed to acquire Horizon Energy Infrastructure and Smart Meter Assets, two energy infrastructure companies, from Arcus Infrastructure Partners, an investment firm. Financial terms were not disclosed. "We are delighted to be joining forces with KKR and SMS as we progress at speed with our expansion within the UK from both an energy metering and adjacent solutions perspective while also targeting the exciting new areas of smart water metering and smart energy metering in Germany. The strength and breadth of knowledge and experience that we have across our teams will be invaluable in providing optimised solutions for all our customers, both now and into the future," Tom Thorp, HEI/SMA CEO.