Arcus announces acquisition of Foresight Metering
Arcus Infrastructure Partners (Arcus) announced an agreement to acquire 100% of Foresight Metering Management Limited (Foresight Metering), a smart meter infrastructure provider in the UK.
Foresight Metering is a medium-size Meter Asset Provider providing smart and advanced energy meters under long term rental agreements to energy supply companies in the UK for commercial and domestic use. Foresight Metering has c.400k meters installed and commitments to install c. 700k additional meters over the next 5 years.
Following the completion of the acquisition, expected to take place in mid-November, Arcus will work closely with the Company’s management team to support the growth of the portfolio and other value-added adjacent technology opportunities identified.
Arcus was advised by Jefferies (financial adviser), PwC (commercial, financial and tax adviser) and Pinsent Masons (legal adviser).
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