SMS joins forces with Horizon Energy Infrastructure and Smart Meter Assets
SMS joins forces with Horizon Energy Infrastructure and Smart Meter Assets to advance smart energy and water solutions in the UK, while also expanding into Germany.
Today we announced that we are joining forces with Horizon Energy Infrastructure (HEI) and Smart Meter Assets (SMA), to create one of the leading providers of UK smart metering infrastructure (“the Group”). HEI and SMA’s portfolio represent a total of 3.5 million installed energy meters, and together the Group will manage over 6 million meters. HEI and SMA are currently owned by Arcus Infrastructure Partners, who will transfer ownership to KKR, who acquired SMS in April 2024.
Smart meters are a key enabler of the UK’s net zero 2050 ambitions, providing critical infrastructure to support the transition to a decarbonised and digitised energy system. The combination represents an important step in the Group’s growth, expanding the existing meter asset base and pipeline with complementary assets. Further, the combination supports the Group’s mission to create a more sustainable energy future by adding opportunities in adjacent markets such as solar, energy storage, heat pumps, and EV charging infrastructure. It also enables the Group to broaden its presence in the UK and expand its innovative solutions into new regions and sectors, such as Germany and the UK water sector.
Chief Executive Officer of SMS, Tim Mortlock, said:
“The combination represents a meaningful step forward for SMS, it significantly expands our business and enhances 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.”
