ENERGY Assets, the Livingston-based smart meter specialist, has agreed to be taken over for £198 million by funds run by US private equity firm Alinda Capital Partners.

The 685p per share takeover comes four years after Energy Assets floated on the London Stock Exchange.

 Chris Beale, Managing Partner of Alinda Capital Partners said: “Energy Assets is a strong company with a robust business model which we have followed for some time.”