Sale of Meter U

Meter-U works mostly for water companies, reading meters at domestic and non-domestic premises. Other services include meter data management, leakage reporting, client revenue protection and meter replacement activities. It manages the data from four million meters, collecting 17 million meter reads a year throughout the UK and Ireland.

Morrison Data Services managing director Simon Best said: “Meter-U’s service offering to water utility companies mirrors those that we provide to the energy sector. This acquisition will enable Morrison Data Services to further develop our utility data collection field force in the UK and combine our joint capabilities across both energy and water.

“With a strong order book and long-term frameworks secured with a number of major utility companies, this acquisition will present significant, ongoing growth and diversification opportunities for our business.”

Rubicon acquired Meter-U in January 2016 as part of the acquisition of the EnServe Group with a strategy of establishing each of the group companies (Freedom, Metro Rod, Meter-U and Evolve Analytics) as stand-alone businesses. Through removing the EnServe head-office and providing direct strategic input to the autonomous management teams within each of the group companies, these businesses have improved performance and positioning in their respective markets.