KKR is set to acquire Smart Metering Systems in a £1.3 billion ($1.63 billion) cash deal, enabling the energy infrastructure firm to accelerate growth and become a fully integrated energy infrastructure company. The acquisition will provide SMS with resources to pursue growth plans in smart metering and grid-scale battery storage. The deal is subject to regulatory and shareholder approvals.
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KKR is set to acquire Smart Metering Systems in a £1.3 billion ($1.63 billion) cash deal, enabling the energy infrastructure firm to accelerate growth and become a fully integrated energy infrastructure company. The acquisition will provide SMS with resources to pursue growth plans in smart metering and grid-scale battery storage. The deal is subject to regulatory and shareholder approvals.