Independent infrastructure manager Ancala has acquired Solandeo, a fast-growing owner and operator of smart meters in Germany, for an undisclosed amount.
Headquartered in Berlin, Solandeo delivers full-scale smart metering solutions, including the procurement, installation, operation, maintenance and ownership of smart metering systems for residential and commercial customers. Solandeo provides producers and suppliers of energy with a cost-effective, reliable smart metering solution. The business uses proprietary IT and software systems to provide customers with data to forecast spending and reduce energy use. It also offers remote-control solutions to support the integration of sustainable-energy solutions into Germany’s grid.
Solandeo’s services are typically provided under long-term guaranteed contracts. The business works with well-known German energy providers, including 1KOMMA5°, Sonnen and Enpal, among other key customers. Solandeo also has an existing port