Overview

Joulz is a leading owner and provider of essential energy infrastructure equipment and services in the Netherlands. It leases essential energy infrastructure equipment and meters to a large and diversified customer base of industrial, commercial and public sector customers. It has two business units: Infrastructure Services and Metering.

The Infrastructure Services business owns and leases medium voltage electricity infrastructure such as transformers, switchgear and cables under long-term contracts. The Metering business owns and leases more than 50,000 electricity and gas meters for non-household customers under medium term contracts.

Investment Rationale

3i Infrastructure acquired Joulz in April 2019, having committed to invest in March 2019.

• Strong established asset base as well as good potential for growth
• Joulz is set to benefit from the Dutch government’s commitment to decarbonise the economy (the ‘Energy Transition’)
• The Energy Transition is expected to increase electricity consumption and demand for Joulz’s equipment and services
• 3i Infrastructure has relevant experience from investing in the Netherlands and previous investments in the electricity and leasing sectors

Regulatory information
This transaction involved a recommendation of 3i Investments plc.