Iberdrola agrees the sale of SP Dataserve

Iberdrola, through its UK subsidiary ScottishPower, has signed an agreement to sell SP Dataserve, a company providing commercial metering services to non-domestic customers in the UK, to IMServ.

By the end of 2025, SP Dataserve was providing 36,800 services to around 22,000 non-domestic customers across the UK. IMServ is a UK‑based metering and energy services company wholly owned by Bluewater, a specialist private equity firm with investments across the energy value chain.

The sale of this non-core subsidiary forms part of Iberdrola’s active portfolio management strategy, which focuses on strengthening its core businesses and optimising capital allocation. The sale involves the divestment of a non-strategic business within ScottishPower and follows the transfer of the UK smart meter business to Macquarie in 2025, which further simplifies the Group’s business profile in the UK.

The UK represents Iberdrola’s main investment destination, where the Group plans to invest €20 billion by 2028 as part of its strategic plan. Most of this investment will be dedicated to the development and modernisation of electrical networks, a key area for supporting the electrification of the economy, strengthening energy security and boosting competitiveness. Following the approval of the new tariff framework for electricity transmission, the company will quadruple the amount allocated to this business.

The transaction just signed is in addition to others completed by Iberdrola so far this year: the acquisition of the Ararat wind farm in Australia, the sale of its onshore generation business in France, the sale of small-scale hydroelectric assets and the sludge treatment business in Spain, the sale of its assets in Hungary and the addition of 650 MW of solar power to the joint venture with Norges.

The transaction closing is subject to customary conditions in this type of transactions, such as regulatory review.