Law firm Hill Dickinson has advised EA Technology, a solutions provider for the monitoring and management of electricity grids and assets, on the securing of investment in the business from Nordic investment firm, Summa Equity.
EA Technology, founded in 1966, offers a comprehensive range of smart grid technologies and services to clients across multiple regions. The company’s mission is to ‘promote the development of decarbonised, resilient, accessible and low-cost energy networks’.
The investment from Summa will allow EA – based in Capenhurst, Cheshire – to pursue international expansion and continue to invest in technology and remain at the forefront of innovation in the sector.
The Hill Dickinson’s team that advised EA Technology was led by chair Jonathan Brown, along with partner Elan Iorwerth and associates Ben Correia de Sousa and Joseph Reade.
We were delighted to work alongside [EA Technology CEO] Robert Davis and the wider EA Technology team to guide them through each step of this momentous journey. The sale of this employee-owned company represents years of hard work, and this is the next exciting chapter in the Group’s growth ambitionsElan Iorwerth
Partner
Elan Iorwerth commented: “We were delighted to work alongside [EA Technology CEO] Robert Davis and the wider EA Technology team to guide them through each step of this momentous journey. The sale of this employee-owned company represents years of hard work, and this is the next exciting chapter in the Group’s growth ambitions”
Led by its current management team, EA Technology has achieved impressive financial performance, generating £48 million in revenue in 2023 and growing the business to around 300 full-time employees.