SGW Metering has been acquired by ista SE
September 2025 — SGW Metering has been acquired by ista SE, enabling ista to strengthen its nationwide service infrastructure for smart meter installation and maintenance. With its network of highly qualified technicians and proven track record of annual meter exchanges, SGW Metering will provide ista with additional scale and operational capacity. The deal supports ista’s strategy of expanding its role as a full-service partner for energy suppliers, enhancing efficiency and customer service.
SGW Metering is a leading provider of technical services for electricity and smart meters, as well as gas, water and heat meters. The company also plays a key role in the nationwide transition from L-gas to H-gas in Germany. Founded in 2009, SGW Metering now employs more than 130 highly qualified service technicians who replace over 260,000 meters annually, establishing SGW Metering as a trusted partner for energy supply companies.
ista, headquartered in Essen, is one of the world’s leading energy service providers in the areas of consumption transparency, energy billing and improving building efficiency. The company employs more than 6,000 people and generated a turnover of approximately US$1.4 billion (€1.2 billion) in 2024. Through its subsidiary, ista Express Service GmbH, ista manages the maintenance of metering devices in residential and commercial properties across Germany, operating from 15 locations nationwide.
Our role in the transaction
Oaklins’ team in Germany acted as the exclusive sell-side advisor for the shareholders of SGW Metering.
Talk to the deal team
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