A company at the forefront of Whitehall’s ambitious £11bn plan to install a smart energy meter in every home in Britain has been put up for sale with a £1bn price tag. Calvin Capital, which trades as Meter Fit, has already installed more than 6m devices. Its owner Infracapital, a specialist investment arm of Prudential, recently hired Citigroup to auction the business. Calvin is one of two companies that dominate the smart meter industry. The other is Macquarie Energy Leasing, which is owned by the Australian investment banking giant.
Sunday Times 17th July 2016 read more »