Betaville

KKR snaps up Smart Metering Systems for £1.4 billion

It's that time of the year where takeover deals come thick and fast.

This morning KKR has agreed a deal to purchase London-listed Smart Metering Systems, an energy infrastructure company, for £1.4 billion.

The American private equity house is offering 955p in cash for Smart Metering Systems, which is a 40pc premium to yeserday's share price close. Below is a link to the press release if you want to read all of the details of the recommended offer:..