New investment update: Ancala has acquired a 50% stake in smart meter specialist HAUSHELD AG to support major smart meter rollouts in Germany.
Our investment and proactive support will provide the Hausheld team with additional funding and expertise to expand and deliver on its secured pipeline of more than 200,000 smart meter installations.
We are working alongside the management team, led by CEO Bouke Stoffelsma, as Hausheld seeks to deliver the rollout obligations of municipal utilities across the nation through its smart metering solution.
Bouke Stoffelsma, CEO of Hausheld comments: “Ancala’s support enables us to implement the smart meter rollout for municipal utilities with more than 100,000 metering points. Previously, we have served municipal utilities with 10,000 to 100,000 meters. Now we also extend our offer for the cost-effective solutions which fulfil all legal requirements to the larger municipal utilities. We’re looking forward to working with the Ancala team and customers to deliver these solutions going forwards.”
Tim Power, Partner at Ancala, adds: “Hausheld is a market-leading smart metering business with a unique delivery model that is already delivering on Germany’s ambitious metering targets. We could not be prouder to partner with Bouke and his team to take the company’s success to the next level. We are looking to provide significant capital to the business and to apply our experience of scaling similar platforms in our existing portfolio to help Hausheld build on its leading position in the market, accelerating the digitalisation of Germany’s grid.”
Ancala is excited to be increasing its role in enabling the energy transition in Germany through this investment.
Read more: https://lnkd.in/eMgwMt8n
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