Merger Update: Macquarie / Energy Assets

Invitation to Comment: Macquarie Asset Management / Energy Assets Group

The CMA is issuing this 'invitation to comment' to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK.

In addition, the CMA is considering whether this transaction may prejudice Ofgem's ability to make comparisons between energy network enterprises.

The CMA has not yet launched its formal investigation into this transaction. This invitation to comment is the first part of the CMA's information-gathering process

Invitation to comment: closes 29 May 2026

To assist it with this assessment, the CMA invites comments on competition issues from any interested party.

Energy Assets Group provides electricity and gas metering services, data services, and independent installation and adoption services for last mile utility connections.

Macquarie Asset Management is a global asset manager, with investments in the UK utility sector, including Last Mile Infrastructure, National Gas, Cadent, and Southern Water. Macquarie Asset Management is a business division of Macquarie Group Limited, which is also active in the UK utility sector through its Commodities and Global Markets division, which owns Corona Energy, and its Macquarie Capital division, which has investments in Matrix Networks and Stark.  

Written representations about any competition issues or Ofgem's ability to make comparisons between energy operators should be provided by the deadline set out above

to: Macquarie.EnergyAssetsGroup@cma.gov.uk 

Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice.