The Competition and Markets Authority (CMA) has formally launched a merger inquiry into the anticipated acquisition of Energy Assets Group by Macquarie Asset Management. The inquiry was announced by notice to the parties on 29 July 2026.
The CMA is investigating the potential impact this transaction could have on competition within the UK. Additionally, it is considering whether the merger may prejudice Ofgem's ability to make comparisons between energy network enterprises.
Macquarie Asset Management is a global asset manager with existing investments in the UK utility sector, including Last Mile Infrastructure, National Gas, Cadent, and Southern Water. Energy Assets Group provides electricity and gas metering services, data services, and independent installation and adoption services for last mile utility connections.