Osmose buys UK's MP Power to grow European utility footprint

What's the deal? OsmoseDealroom has a profile for this one. Try Dealroom → Europe Ltd. has acquired MP Power Ltd.Dealroom has a profile for this one. Try Dealroom →, adding to its portfolio of infrastructure solutions for electric utilities. Terms of the deal were not disclosed.

What's the endgame? Osmose, founded in 1934, provides utility infrastructure solutions that help electric utilities and telecommunications companies extend the life, reliability, and value of transmission and distribution assets. The acquisition strengthens and expands its electric utility infrastructure offering in Europe.

The signal: The deal reflects continued consolidation among providers serving utilities, as ageing transmission and distribution networks face growing pressure to stay reliable and cost-effective.

Read more: Financial Post