Operis is delighted to have completed a full model audit for Equitix in support of its bid for the acquisition of MapleCo, a UK based leading meter asset provider which specialises in smart meters. It was announced in September 2020 that this bid was successful. This acquisition will support Equitix in its objective to invest in the UK’s sustainable energy transition.
The UK has a target to install roughly 51 million smart meters by 2024, up from about 16.5 million at present. MapleCo ranks as one of the largest UK Meter Asset Providers and has been involved with the installation of 1.6 million smart meters across the UK.
Tim Roberts, who managed the audit, said: “We are proud to have supported Equitix on this deal and wish them many congratulations on their successful bid for MapleCo. This project both extends Operis’s strong track record working with Equitix and furthers its expertise and experience in the energy transition sector, which has seen continued growth both in the UK and around the world.”
