Stark has acquired WPD Smart Metering, the move follows on from acquisitions to form Stark Technical Services in 2017, Stark Utility Funding in 2018 and Squire Energy in 2019. Stark also launched in Dubai earlier this year. The purchase price for the £11.7m turnover company has not been disclosed.
By bringing non-domestic electricity metering expertise in house, Stark will expand its services to include MOP capabilities. It will retain WPD Smart Metering’s current employees while promoting investment to help support the team to become an integral part of the overall Stark business.
Roger Sparks, managing director – WPD Smart Metering, “We were not looking to sell the business, but when we were approached by Stark it presented a fantastic opportunity for all parties. Stark and WPD Smart Metering have worked together for more than 15 years, and we share a common ethos and set of values. We are therefore confident that this presents an excellent opportunity for the WPD Smart Metering team to continue its growth within a business focussed solely on building a market leading, non-domestic, electricity metering service.”
Joel Stark, executive chairman, “Uniting Stark’s data expertise with WPD Smart Metering’s strengths in delivering non-domestic electricity metering will deliver greater convenience, data and insights for our customers and partners and I couldn’t be more excited to welcome the team to Stark.”