SMS completes combination with Horizon Energy Infrastructure and Smart Meter Assets
Smart Metering Systems (SMS) has completed its combination with Horizon Energy Infrastructure (HEI) and Smart Meter Assets (SMA)
Smart Metering Systems (SMS) today announced the completion of its combination with Horizon Energy Infrastructure (HEI) and Smart Meter Assets (SMA), creating one of the leading providers of UK smart metering assets and reinforcing its position as a fully integrated energy infrastructure company. First announced in November 2024, the combination enables the Group, under KKR ownership, to accelerate smart energy and water solutions in the UK while expanding into Germany with smart electricity meter financing.
Smart meters are a key enabler of the UK’s net-zero 2050 ambitions, providing critical infrastructure to support the transition to a decarbonised and digitised energy system. Through this combination, the Group will now manage more than 6 million meters across the UK, significantly expanding its core smart metering operations. This also strengthens the Group’s capacity to grow further into adjacent markets such as solar, energy storage, heat pumps, and EV charging infrastructure. Geographically, it broadens the Group’s footprint across the UK and facilitates the expansion of its innovative solutions into new regions and sectors, including Germany and the water sector.
Chief Executive Officer of SMS, Tim Mortlock, said:
“The combination represents a meaningful step forward for SMS. It significantly expands our business and strengthens our ability to deliver cutting-edge energy solutions to our customers. We are excited to welcome the teams from HEI and SMA, and look forward to working together to deliver on our shared pipeline and growth ambitions.
Our Group is uniquely positioned to create value for both existing and future customers across the spectrum, spanning UK energy and water metering, German electricity metering, and low-carbon technology financing,” said Tom Thorp, CEO of Horizon and SMA. “Our market-leading platform enables us to optimise operations and provide tailored solutions to meet the evolving needs of our partners, all while driving progress toward a net-zero future.”
