Energy Assets Group Acquires Cortex Metering Solutions I&C Smart Meter Portfolio from Macquarie

Macquarie Acquires SP Smart Meter Assets Limited from ScottishPower/Iberdrola

September 9, 2025

Energy

Macquarie Specialised and Asset Finance (part of Macquarie Group) has completed the acquisition of SP Smart Meter Assets Limited (SPSMAL) from ScottishPower/Iberdrola for around £900 million. The deal adds ~2.9 million smart meters to Macquarie's UK portfolio and establishes a long-term Meter Asset Provision arrangement with ScottishPower to support the ongoing smart meter rollout.

Arcus and GLIL Acquire Smart Meter Assets 1 Ltd

April 29, 2021

Energy

Arcus Infrastructure Partners (via AEIF2) and GLIL Infrastructure agreed to acquire 100% of Smart Meter Assets 1 Ltd (SMA) from BUUK Infrastructure No. 2 Ltd. SMA is a UK meter asset provider with c.1.6 million installed smart meters (targeting over 2 million), contracted with major suppliers including OVO Energy and Utility Warehouse.

Drillinginfo Acquires Cortex Business Solutions

February 21, 2019

Energy

Drillinginfo Holdings, a Genstar Capital-backed energy SaaS and data analytics platform, has completed the acquisition of Cortex (Cortex Business Solutions), a Network-as-a-Service provider that automates accounts payable and receivable for the oil & gas industry. The deal is an add-on to Drillinginfo's buildout under Genstar ownership to broaden its energy value-chain offerings into business automation and payments/commodity data solutions.

EQT and GIC Acquire Majority Stake in Calisen

December 2, 2024

Energy

EQT (via its Active Core Infrastructure fund) and Singapore sovereign investor GIC will acquire a majority stake in UK smart-metering and energy infrastructure owner Calisen from funds managed by Global Infrastructure Partners, Goldman Sachs Alternatives’ infrastructure business, and Mubadala Investment Company. The deal values Calisen at about £4.0 billion; Equitix will remain a minority investor and the transaction is subject to regulatory approvals. The new owners plan to support Calisen’s rollout of smart meters and expansion into adjacent energy-transition services such as EV charging, solar/battery and heat-pump installation.

VME Acquires Cortex Process Equipment

October 6, 2021

Industrial Services

VME has acquired Cortex Process Equipment to add field-service capabilities and custom surface equipment expertise to its engineering and fabrication offerings. The deal brings Cortex’s on-site diagnostics, installation and commissioning services into VME’s portfolio, enabling end-to-end project execution for well-site customers.

Honeywell Acquires Smart Energy Platforms from SparkMeter

August 22, 2025

Utilities

Honeywell is acquiring three utility platforms — Praxis, GridScan and GridFin — from SparkMeter to expand its Smart Energy portfolio and enhance Honeywell Forge Performance+ for Utilities. The deal transfers key grid-management technologies and analytics to Honeywell to help utilities modernize their grids and improve planning, operations and financial performance.