Energy Assets buys electric meter firm for £2.3m
The Livingston-based firm said the acquisition would boost the number of meters for which it collects data to about 152,500, covering the gas, electricity and water markets.
Today’s deal comes just a week after Glasgow-based rival Smart Metering Systems made a similar move by paying £14m for Utility Partnership.
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Hide AdEnergy Assets chief executive Phil Bellamy-Lee said: “This transaction enables Energy Assets to expand its presence into the electricity sector and is a significant step in the delivery of the group’s strategy to offer services across a multi-utility platform.”
Blackburn-based B Global Metering is being sold by listed smart energy software specialist Bglobal.