02.09.2019

Calvin reaches financial close with Avro Energy for end-to-end smart meter provision

Calvin Capital is delighted to announce that it has completed a transaction with Avro Energy to provide funding and installation services for their entire SMETS2 meter requirement, alongside Lowri Beck who will be installing the meters.

This is another contract win that forms part of the Calvin Capital and Lowri Beck joint offering through which UK energy suppliers are provided with a complete end to end SMETS2 solution including smart meter funding, installation and ongoing maintenance services.

“As one of the fastest growing independent energy suppliers in the UK, Calvin is delighted to be partnering with Avro Energy in order to support them with their smart metering needs. The independent sector is currently undergoing a major period of change and Calvin is extremely excited to be able to work so closely with energy suppliers like Avro Energy who are at the forefront of industry transformation.” Bert Pijls, Calvin Capital’s Chief Executive Officer.

Jake Brown, Chief Executive Officer at Avro says, “We are pleased to announce our partnership with Calvin Capital and Lowri Beck. The agreement marks an important step in developing our services for customers and their energy management. We are confident that Calvin Capital and Lowri Beck are the right partners for delivering a successful roll-out programme.”

Calvin Capital is based in Manchester and is one of the UK’s leading Meter Asset Providers of domestic gas and electricity meters and has been successfully providing support for energy suppliers’ metering deployments since 2002. Calvin Capital is owned by funds managed by Kohlberg Kravis Roberts, a global investments firm which manages over $199.5bn of assets across multiple sectors.

Avro Energy provides consumers with low priced energy and a simplistic relationship between themselves and their customer. This is achieved through maintaining a highly efficient business that keeps overheads to a minimum and restricts the level of marketing commissioned.

Lowri Beck, based in Wigan and wholly owned by Calvin Capital, is one of the UK’s leading metering service businesses providing energy suppliers with meter installation, meter reading, data collection and contact centre services.