Mubadala completes the sale of its share in a company "Calisen"

4 days ago

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Abu Dhabi, March 10/ WAM/ Mubadala successfully completed the sale of its indirect share in Calisen, the company specialized in the field of owning and managing smart meters and infrastructure for energy transformation in the United Kingdom.

This sale represents the end of an investment course that lasted four years, during which “Mubadala” worked with “Calisen” in partnership with a fund managed by “Global Infradester Partners” of Black Rock, and the “Goldman Sachs Innovrest” alliance, to achieve a strong financial and commercial performance of Calisen.

In addition, Mubadala supported the “Calisen” capabilities to expand and invest new growth opportunities in areas including charging electric vehicles, electrification of heating, solar energy and batteries, and this support had a great impact on promoting the contribution of “Calisen” in efforts to transform the energy sector in the United Kingdom.

One of the most important achievements in this trip was the acquisition of “Calisen” in 2023 on the company “Maple Co”, a high -quality smart meters company in the United Kingdom owned by “Ecuettex”, which is now part of the stock campaign group, which enhances the status of “Calisen” in the market.

Through a base of the smart meters already operating, which amounts to 16 million meters, Calisen has a good position that enables it to benefit from the directions of the market and the continuous transformation in the energy sector, in light of the practical steps taken by the United Kingdom in its career towards achieving climate neutrality by 2050.

Saed Arar, head of the infrastructure unit in Mubadala, said that Mubadala was keen during the past four years to support the company “Calisen” in implementing its long -term development strategy, pointing out that this investment is due to Mubadala’s ability to choose the appropriate partners and works that provide support, and implement effective administrative initiatives that contributed to achieving rewarding profits and returns.

Arar stressed that this deal is in line with the approach of exchange in attracting value by leaving in time and strategic, while ensuring the presence of “Calisen” in a good position that enables it to go into the next stage of growth.