peterschreiber.media/iStock via Getty Images
Australian investment bank Macquarie (OTCPK:MCQEF) (OTCPK:MQBKY) said Friday it agreed to acquire Iberdrola's (OTCPK:IBDSF) (OTCPK:IBDRY) U.K. smart meter rental business, SP Smart Meters, for ~£900M ($1.19B).
Macquarie (OTCPK:MCQEF) (OTCPK:MQBKY) said the acquisition will add ~2.7M meters to its