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TMCNet:  Smarter Grid secures $4.82 million of investment

[January 17, 2013]

Smarter Grid secures $4.82 million of investment

Jan 17, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Smarter Grid Solutions Limited has secured GBP3 million of investment in a transaction led by Scottish Equity Partners (SEP) along with Scottish Enterprise through the Scottish Investment Bank and the University of Strathclyde.

Smarter Grid is a UK-based provider of active network management products and services for connecting remote electricity generating sites to the distribution network.

Deal Value (US$ Million) 4.82 Deal Type Venture Finance Sub-Category None Deal Status Completed: 2013-01-16 Deal Participants Target (Company) Smarter Grid Solutions Limited Acquirer (Company) University of Strathclyde Deal Rationale The investment will allow Smarter Grid Solutions to position itself to meet global demand for smart grid technology.

The investment will also enable Smarter Grid Solutions to take forward its product development plans and to take advantage of emerging opportunities in the UK, Europe and North America.

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