InfraVia has announed the acquisition by InfraVia European Fund III of Ocea Smart Building (OSB) from SUEZ.

With almost 3 million smart meters installed, OSB is a leading player in the energy transition and smart infrastructure markets. OSB rolls-out and operates energy and fluid meters and associated digital and smart building solutions.

E-Cube (strategy), Bird & Bird (legal), and Eight Advisory (tax and accounting) advised InfraVia on the transaction.

Vincent Levita, Founder and Chief Executive Officer of InfraVia, said:

“OSB operates infrastructures which are at the convergence of the energy transition, smart buildings and digital transformation” declares “With a solid portfolio of clients and a high-quality management team, OSB fits exactly with our strategy to invest in buy-and-build platforms offering strong growth opportunities. We are excited to engage with OSB and we look forward to supporting the further growth of the company”.

Emmanuel Croc, General Manager of Ocea Smart Building, further declared:

“With InfraVia as a new long-term shareholder, OSB is well positioned to continue its development and consolidate its leading position in a market driven by high growth and innovation. In particular, we will be able to accelerate the expansion of our business into intelligent solutions for heating metering. Innovation and connected digital solutions will remain at the heart of our strategy to prepare future’s solutions for residential and commercial buildings”.