Fundamentals joins EA Technology as UK voltage control market set to hit £65 million

EA Technology has acquired Fundamentals, in a move backed by Summa Equity – the Swedish based investment firm, with a mission to support companies solving global challenges.

Freshly branded as Fundamentals From EA Technology, we will continue to operate from Swindon and Oldham, expanding our position as a world leader in voltage control solutions.

Amanda Mesler, Executive Chair of EA Technology, said:  “The UK’s voltage control market is expected to double to £65 million by 2030, driven by Ofgem’s forthcoming ED3 Smart Networks regime, which will require more advanced grid-edge technologies, alongside strengthened Net-Zero investment incentives.

“Together, EA Technology and Fundamentals will offer customers a seamless, integrated solution – from primary substations to low-voltage feeders.

Next level for Fundamentals

“This strategic acquisition is a game-changer. 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.

Fundamentals  CEO Dr Jon Hiscock said: “Like ourselves, EA Technology helps tackle some of the sector’s biggest challenges. There is a strong cultural alignment, and with the backing of a larger financially robust group, they are perfectly positioned to take the Fundamentals brand to the next level.”

Founded in 1966, EA Technology is a global leader in asset management and monitoring solutions for electrical networks and assets.

Founded in 2016, Summa Equity has to date raised c. EUR4 billion and made over 30 platform investments, focusing on Circularity, Energy Transition, Sustainable Food, and Tech-Enabled Resilience.