Energy Assets, the provider of gas metering services, has bought Gazprom Global Energy Solutions from Russian gas giant Gazprom.
The acquisition has an enterprise value of £13.5m, which includes an initial cash consideration of £6.0m, potential cash earn-out payment of £3.0m (payable dependent upon the level of data logger installations carried out by Energy Assets) and existing Gazprom Global Energy Solutions (GGES) debt of £4.5m that is to be refinanced upon acquisition.
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