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Smart Metering Systems

Profile reviewed

Smart Metering Systems, or SMS, owns and installs smart meters and energy infrastructure. KKR acquired the business in 2024. [1][2]

01 / Behind the name

Who owns Smart Metering Systems?

Private · Fund acquisition in 2024; exact current split not verified [1][2]

  1. 01
    Disclosed investment scope

    Smart Metering Systems business [1][2]

    As reported · 9 Oct 2026

KKR’s investment article confirms the acquisition. SMS’s November 2024 announcement also describes an agreement to combine with Horizon Energy Infrastructure and Smart Meter Assets; that agreement alone is not proof of completion of every subsequent transfer. [1][2]

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Owner & brand overview

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02 / On the map

Where is it based?

Disclosed investment structure
KKR-managed funds [1][2]
Group headquarters
Not yet verified [1]
Parent incorporated in
Not yet verified [1]

Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.

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Investors in Smart Metering Systems

Investor disclosures found

Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.

Fund investment

KKR

Held entity · Smart Metering Systems business

Fund acquisition in 2024; exact current split not verified

Ownership evidence checked ·

KKR’s investment article confirms the acquisition. SMS’s November 2024 announcement also describes an agreement to combine with Horizon Energy Infrastructure and Smart Meter Assets; that agreement alone is not proof of completion of every subsequent transfer.

Evidence · 2 sources

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03 / The figures, with context

What does it report in UK tax?

This ownership research has not established a dated UK cash corporation-tax payment for the relevant reporting entity.

United KingdomNot yet verified

UK corporation tax paid

Not yet verifiedCash payment

Smart Metering Systems · UK reporting scope not verified
Annual reporting period not yet verified

The sources establish investment or business information. The UK tax-paying entity, reporting period and cash corporation-tax payment have not been separately reconciled. Not verified does not mean no tax was paid. [1]

These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.

Understand the measures

04 / Check our working

The public record.

Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.

  1. 01
    SMS infrastructure investment (opens in a new tab)

    KKR · KKR acquisition of Smart Metering Systems

    Accessed 9 Oct 2026
  2. 02
    SMS and Horizon / Smart Meter Assets (opens in a new tab)

    SMS · 28 November 2024: KKR acquisition in 2024; subsequent proposed combination

    Accessed 9 Oct 2026