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
Deal Status Completed: 2013-01-16
Target (Company) Smarter Grid Solutions Limited
Acquirer (Company) University of Strathclyde
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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