Amey, Equitix develop smart meters JV

15 February 2017 Contractor Amey and investor Equitix have established a holding company that looks to target the smart metering market.

Amey Equitix Smart Meters 1 was established at the start of the month, with two senior Amey executives listed as the new entity’s directors.

Asif Ghafoor, managing director at Amey Ventures and group treasurer at Amey, is joined by John Connelly, head of investment management at Amey Ventures, as directors in the new entity.

"Our joint venture with infrastructure and energy fund manager Equitix represents one of the ways in which we aim to do that and we look forward to working with them and other industry partners over the coming years," said a spokesperson for Amey.

The UK and European smart meter market is expected to continue to grow over the coming years, with several PPP companies looking to develop their expertise in the sector.

In December, M&G Investments’ infrastructure equity investment arm Infracapital sold 100% of the equity in energy meter supplier Calvin Capital – which has been at the heart of the UK’s rollout of smart meters – to investment firm KKR.

 

This page was last updated on:
21 September 2017.

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