Calisen valued at £4 billion in takeover by EQT and GIC
- EQT and GIC have agreed to a deal valuing Calisen at nearly £4 billion.
- The acquisition involves Blackrock, Goldman Sachs, and Mubadala Investment Company, who are selling their stake.
- This takeover highlights the increasing investment in renewable energy infrastructure in the UK.
In the UK, Calisen, a major owner and manager of smart meters, is set to be acquired by EQT, a private equity group, along with Singapore's sovereign wealth fund GIC. This takeover deal values Calisen at approximately £4 billion. The acquisition will give EQT and GIC a majority stake in Calisen, moving ownership away from investment groups including Blackrock’s Global Infrastructure Partners, Goldman Sachs, and Mubadala Investment Company, which had previously taken the company private in 2020. Calisen, headquartered in Manchester, operates a significant smart meter infrastructure with about 16 million meters installed across the UK. The company also engages in electric vehicle charging and provides installation services for solar energy, batteries, and heat pumps. With plans for further rollout, the takeover is seen as a strategic leap, positioning Calisen to leverage the growing demand for smart energy solutions in the UK’s push towards renewable energy.