El Sewedy Electrometer Egypt acquires 100% shareholding in ZPA Smart Energy a.s.
7. 2. 2011 13:10
ZPA Smart Energy, the Czech leader in electricity metering, has been acquired by the world’s fifth largest electrometers producer El Sewedy Electrometer Egypt, for an undisclosed consideration from Kilcullen Kapital Partners, a Czech-based private equity investor.
Established in late 1950s, ZPA Smart Energy is today the largest producer of electrometers and ripple control receivers in the Czech Republic. Most recently, the Company has been substantially focusing on “smart metering” which is a leading trend in future electricity metering business.