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- Why Iberdrola is Selling UK Smart Meters to Macquarie
Iberdrola has agreed to sell 100% of its UK smart metering business for €1 06bn (US$1 18bn) to Macquarie, a global financial services group headquartered in Australia The transaction is expected to complete in the third quarter of 2025 subject to approval by the UK competition authority SP Smart Meters Asset Limited (SPSMAL) currently manages 2 7 million meters, taking Macquarie’s UK
- Iberdrola Sells UK Smart Metering Unit to Macquarie - Rigzone
Iberdrola SA has inked a deal to divest SP Smart Meter Assets Ltd (SPSMAL) to Macquarie Group Ltd for about GBP 900 million ($1 2 billion) SPSMAL manages 2 5 million meters in the United
- Iberdrola exits UK smart meter market - Industrial News
Image courtesy Iberdrola Global utility giant Iberdrola is selling its UK smart meter business, marking their exit from the UK smart metering market Iberdrola has signed an agreement with Macquarie, a global financial services group headquartered in Australia, to sell 100% of SP Smart Meter Assets Limited (SPSMAL), which manages 2 7 million smart meters in
- Macquarie to acquire Iberdrola’s UK smart meters business
At the end of 2024, 38 million smart meters had been installed in British homes and small businesses under the Smart Metering Implementation Programme, led by the Department for Energy Security Net Zero, regulated by the Office of Gas and Electricity Markets (Ofgem), and delivered by energy suppliers 1
- Iberdrola to sell UK smart metering division to Macquarie
Iberdrola has reached an agreement to divest its smart metering division SP Smart Meter Assets (SPSMAL) in the UK to Macquarie for around £900m (€1 07bn) The agreement is subject to the approval of the UK’s competition authority and is expected to be finalised in the third quarter of 2025
- Iberdrola quits UK smart meter market - Energy Live News
Iberdrola has agreed to sell 100% of its UK smart meter business, SP Smart Meter Assets Limited (SPSMAL), to Macquarie in a deal worth around £900 million SPSMAL manages 2 7 million meters
- Iberdrola to Sell UK Smart Meter Business to Macquarie in £900 Million . . .
The acquisition will further strengthen Macquarie’s position as one of the country’s leading independent meter providers Macquarie’s meter business, established in 2003, oversees more than 10 million meters—including 7 5 million smart meters—and has invested over £1 5 billion to support the UK’s Smart Meter Rollout Programme
- Iberdrola to Sell U. K. ’s Smart-Meters Rental Business to Macquarie in . . .
The Spanish energy company expects to complete the sale of SP Smart Meters Assets to the Australian investment bank in the third quarter
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