KKR-backed Smart Metering Systems completed the acquisition of Horizon Energy Infrastructure and Smart Meter Assets from Arcus Infrastructure Partners.

KKR-backed Smart Metering Systems completed the acquisition of Horizon Energy Infrastructure and Smart Meter Assets, two energy infrastructure companies, from Arcus Infrastructure Partners, an investment firm. Financial terms were not disclosed. “The combination represents a meaningful step forward for SMS. It significantly expands our business and strengthens our ability to deliver cutting-edge energy solutions to our customers. We are excited to welcome the teams from HEI and SMA, and look forward to working together to deliver on our shared pipeline and growth ambitions,” Tim Mortlock, SMS CEO.