SMA has completed a £545m refinancing of the short-dated debt facilities raised at the time of the acquisition of SMA by Arcus Infrastructure Partners (“Arcus”) and GLIL Infrastructure (“GLIL”) in May 2021.
SMA has completed on a deal to acquire 100% of the installed meter assets of Magnum Meter Finance Limited.
With effect from 1st March 2022 ownership of the portfolio of ~13,000 Kaifa, GWi and Secure SMETS2 meters has transferred to SMA.
Smart Meter Assets has today been accredited as a Living Wage Employer. Our Living Wage commitment will see everyone working at Smart Meter Assets receive a minimum hourly wage of £9.50 in the UK or £10.85 in London. Both rates are significantly higher than the government minimum for over 23s, which currently stands at £8.91 per hour.
SMA are delighted to announce their support for Suffolk Wildlife Trust as a Silver Level Sponsor. The decision to support this charity is further evidence of the growing importance of ESG matters to SMA.
Arcus and GLIL complete acquisition of SMA. Arcus Infrastructure Partners (”Arcus”) and GLIL Infrastructure (“GLIL”) are pleased to announce that a consortium of Arcus European Infrastructure Fund 2 (“AEIF2”) and GLIL have completed the acquisition of 100% of Smart Meter Assets 1 Ltd (“SMA”).