CMA considers undertakings offered in Macquarie Asset Management and Energy Assets Group merger inquiry
Regulatory review of the Macquarie Asset Management and Energy Assets Group merger may lead to accepted undertakings that reshape competitive conditions in UK utility metering services.
The Competition and Markets Authority is investigating the anticipated acquisition of Energy Assets Group by Macquarie Asset Management. On 9 October 2026, the Competition and Markets Authority considered that there are reasonable grounds for believing that undertakings offered by the parties might be accepted under the Enterprise Act 2002. Previously, on 25 September 2026, the Competition and Markets Authority concluded that the merger may result in a substantial lessening of competition and would be referred for a phase 2 investigation unless acceptable remedies are offered. The inquiry also considered whether the transaction prejudices Ofgem ability to make comparisons between energy network enterprises.
Suppliers operating in the UK utility and metering sectors may find that regulatory remedies or structural changes arising from the merger inquiry alter market access and competitive dynamics. As the Competition and Markets Authority evaluates undertakings offered by Macquarie Asset Management and Energy Assets Group, market participants could encounter shifts in partnership models or compliance requirements. Monitoring the acceptance of these remedies may help suppliers position themselves for structural adjustments in non-domestic meter reading and last mile utility connections.
- The Competition and Markets Authority launches an inquiry into the anticipated acquisition of Energy Assets Group by Macquarie Asset Managem
- The Competition and Markets Authority finds that the merger may result in a substantial lessening of competition.
- The parties offer undertakings to address the identified competition concerns.
- The Competition and Markets Authority considers whether to accept the offered undertakings or proceed to a phase 2 investigation.
- Accepted undertakings may require structural modifications or operational separations within the merged entity.
- Changes in market structure could influence vendor selection and partnership opportunities for utility service providers.
- Publication of the final decision regarding whether the Competition and Markets Authority accepts the undertakings.
- Any announcements detailing the specific remedies or modifications agreed upon by the parties.
- If you provide advisory or regulatory compliance services to UK utility operators, so you can offer support on merger remedy implementations.
- If you supply metering or last mile utility connection services, so you can assess potential shifts in competitor positioning.
Possible consequences, not predictions. Window: 0 to 6 months.
- Will the Competition and Markets Authority formally accept the undertakings offered by Macquarie Asset Management and Energy Assets Group?
- What specific structural remedies or divestments are included in the undertakings under consideration?
- How might the outcome affect existing service agreements in non-domestic meter reading and last mile utility connections?
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Sources
- Event date
- 9 October 2026
- Detected by BuzzBaboon
- 2026-10-26 04:58 UTC
- Last updated
- 2026-11-02 06:38 UTC
- Verification status
- primary-source-read
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