EA Technology has acquired Fundamentals Ltd, a UK provider of voltage control solutions, in a move it says will strengthen its grid-edge capabilities and broaden its end-to-end offering for network operators.
The acquisition brings together EA Technology’s data-led network tools with Fundamentals’ voltage management technology, as distribution networks face growing pressure from the rapid uptake of electric vehicles and solar PV.
Fundamentals will continue to operate from its headquarters in Swindon and from its site in Oldham.
EA Technology, which is backed by private equity firm Summa Equity, said the acquisition forms part of its strategy to build a platform-led model that combines software with hardware used across electricity networks.
The announcement also points to increasing regulatory and investment focus on voltage control. The companies highlighted forecasts that the UK’s voltage control market could grow to £65 million by 2030, driven in part by Ofgem’s emerging ED3 framework and net zero-related investment incentives.
“This strategic acquisition is a game-changer,” said Amanda Mesler, Executive Chair of EA Technology.
“Having the Fundamentals brand and expertise in our portfolio enhances our value proposition to customers, builds our innovation pipeline, and strengthens our capability to help drive the global energy transition.”
She added that the combined offering would be aimed at distribution network operators and other network owners seeking more consistent voltage performance across both high- and low-voltage parts of the system.
“For our customers, Distribution Network Operators, utilities, and private network operators, this means the opportunity for greater reliability through seamless voltage management across the network, and support for net-zero goals with solutions aligned to Ofgem’s ED3 framework and smarter network targets.”
Fundamentals’ Chief Executive Jon Hiscock said the transaction reflects a shared view of the challenges facing distribution networks, particularly as power flows become more complex and less predictable.
“We are delighted to have reached agreement with EA Technology for the purchase of the business,” he noted.
Like ourselves, EA Technology helps tackle some of the sector’s biggest challenges. There is strong cultural alignment, and with the backing of a larger financially robust group, they are perfectly positioned to take Fundamentals to the next level.”
He also pointed to voltage control becoming a more prominent issue beyond the UK, as network operators in multiple markets grapple with the practical consequences of electrification at pace.
He added, “Not only does this deal strengthen the UK’s engineering capability and supply chain, it demonstrates that voltage management is becoming a global issue as we connect more EVs and Solar PV to the grid. It gives the combined organisation a stronger ability to support network operators around the world with the right solution.”
While neither company disclosed financial terms, the structure of the deal suggests EA Technology is looking to broaden the number of deployable technologies it can offer utilities, rather than remaining purely a data and analytics provider.
