EQT and GIC to Acquire Majority Stake in UK Smart Meter Specialist Calisen

EQT Active Core Infrastructure and GIC have announced an agreement to jointly acquire a majority stake in Calisen, a UK provider of smart meters and energy transition infrastructure, valuing the UK-based smart meter provider at approximately £4 billion. This acquisition comes four years after Calisen was taken private for £1.43 billion by a consortium including BlackRock, Goldman Sachs, and Mubadala Investment Company. The acquisition supports Calisen’s growth in the UK and international markets, with plans to expand into adjacent sectors like smart water metering.

Headquartered in Manchester, Calisen manages approximately 16 million smart meters and plays a critical role in the UK’s energy transition. The company aims to accelerate the rollout of energy-efficient solutions such as heat pumps and renewable energy systems.

The transaction, which includes regulatory approval, marks a significant step in advancing cleaner and more sustainable energy infrastructure.