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 February 2018.

thumb

Fáilte Project Ireland 2040

The industry has welcomed (Fáilte) the ambition of the Irish government’s National Development Plan, albeit with a healthy degree of scepticism as to its implementation

thumb

‘A Great Journey’

Phillip Hall, MUFG’s head of structured finance for EMEA, tells Paul Jarvis how the bank is evolving to thrive in the changing PPP world

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...