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EQT to Acquire French Metering Firm Ocea Group

Mergers and Acquisitions EQT Group Ocea Group ICG Infra Water

An engineer inspecting a Smart Water Meter

Image credit: EQT Group

Published on April 10, 2024

Swedish private equity firm EQT Group is set to enhance its footprint in the energy transition landscape through the acquisition of Ocea Group from ICG Infra. Ocea Group, a French specialist in smart water and heat metering solutions, operates over four million submeters under long-term contracts. The acquisition is expected to close in mid-2024.

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