Wigan energy market firm Lowri Beck acquired by Manchester based business
Lowri Beck been acquired by Calvin Capital, a leading asset management company which is committed to aiding the global effort to reduce carbon emissions.
The acquisition, which is subject to certain conditions, will see Lowri Beck join Calvin to create an end-to-end market offering comprising the installation, servicing, managing and funding of domestic metering assets.
This agreement also provides a platform for the future funding, deployment and management of a wider range of digital energy assets, including battery storage and EV charging infrastructure.
Established in 1996 by Bob Vernon, Lowri Beck today has a workforce of approximately 2,000 people across Britain, with offices in Wigan and Dunstable, plus a dedicated training centre in Ashton-in-Makerfield.
The company currently installs and exchanges over 300,000 domestic meters annually, collects data from another 5 million meters and is heavily involved in the nationwide smart meter roll-out. It will continue to operate as an independent brand serving both large and small energy suppliers.
Calvin is a leading Meter Asset Provider (MAP) for energy suppliers in the roll-out of smart meters and in the development of a digital energy infrastructure. Calvin owns over 7.3 million installed meter assets.
Commenting on the acquisition, Lowri Beck’s MD Jon Parr said: “We are excited to be joining Calvin. Having built our business on delivering service excellence and innovation, with
Calvin’s support we look forward to leveraging the resources of the new combined business to build greater smart meter ownership and installation capacity.
“This agreement also provides a broad platform for developing new services in energy infrastructure growth areas, such as battery storage and EV charging.”
Bert Pijls, Calvin’s Chief Executive Officer, said: “This is a very positive development for two complementary businesses and for the wider energy market. Bringing together Calvin with
Lowri Beck will enable us to create a ‘one-stop-shop’ offering that will be available to all energy suppliers and new market entrants through a broader array of services, ranging from full
Metering-as-a-Service to bespoke installation, servicing or funding solutions. In addition, Lowri Beck’s expertise will help Calvin to accelerate the development of a sustainable digital energy infrastructure beyond smart meters.”
And Lowri Beck founder, Bob Vernon said: “I am very pleased to see the company I started over 20 years ago become part of such a dynamic business. The energy market is fast moving and this acquisition will accelerate business growth while creating opportunities for personal development and career progression for our people.”