Signing Letter of Intent to acquire smart metering business
A price of SEK 25 million (Eur 2.4m), paid in cash, subject to a 3-weeks due diligence period before signing a Sales Purchase Agreement at the end of December 2020 has been agreedThe owners of a Swedish smart metering business have today signed a Letter of Intent to sell to Talkpool. The acquisition target measures consumption of water and electricity in approximately 50’000 homes all over Sweden. The company has during 20 years connected many homes, initially mainly from HSB real estate, to measure consumption real-time instead of sending out field staff that manually reads the meters.