EA Technology acquires Fundamentals Ltd to strengthen grid-edge innovation and accelerate energy transition
- News
-2 min read
January 14th, 2026, Stockholm: EA Technology, a global leader in deploying data-driven solutions for electrical networks, has announced the acquisition of Fundamentals Ltd, the UK’s premier provider of voltage control solutions. This move signals an important step in EA Technology’s strategy to consolidate grid-edge technologies and deliver end-to-end intelligent grid solutions.
Backed by Summa Equity, EA Technology is spearheading the shift to a software-first, platform-led model, integrating best-in-class hardware and software solutions.
The UK’s voltage control market is expected to double to GBP 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.
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.
We are delighted to have reached agreement with EA Technology for the purchase of the business. 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.
Both companies share a history of collaboration with industry partners, ensuring smooth integration and rapid value realisation. Fundamentals will continue to operate from its headquarters in Swindon and from its site in Oldham in the UK.
About EA Technology
Founded in 1966, EA Technology is a global leader in asset management and monitoring solutions for electrical networks and assets. Headquartered in the UK, they provide innovative products, software and services to electricity generation, transmission, and distribution companies, as well as major power plant owners. EA Technology is backed by Summa Equity AB. Founded in 2016, Summa is an impact investor focusing on four thematic areas: Energy Transition, Circularity, Sustainable Food, and Tech-Enabled Resilience. The purpose of Summa is to invest in solving our global challenges.
EA Technology is committed to building safer, stronger, and smarter energy networks, supporting the transition to low-cost, resilient, and decarbonised energy systems. With expertise in preventing outages, optimising network operations, and extending asset life, EA Technology helps its clients make smarter investment decisions and future-proof their energy infrastructure.
About Fundamentals Ltd
Fundamentals is a market leader in intelligent grid voltage control with more than 30 years of experience in power systems. It is specified by all the UK Distribution Network Operators (DNOs) for automatic voltage control relays, positioning it as the go-to provider for voltage control solutions in a market essential to grid stability & decarbonisation.
About Summa
Founded in 2016, Summa Equity is an investment firm focusing on the thematic areas of Circularity, Energy Transition, Sustainable Food, and Tech-Enabled Resilience. The mission of Summa is to invest in solving global challenges.
Summa has raised c. EUR 4 billion and made over 30 platform investments across the three funds raised to date, with 12 exits across them. The investments address the challenges we need to solve as a society, enabling the potential for long-term sustainable outperformance.
The team is located globally, with offices in Stockholm, Oslo, Munich, and the U.S. Partnerships are part of Summa’s DNA, exemplified by being a member of the PRI System Stewardship Advisory Committee, the GIIN Investors Council, and collaborating with Harvard Business School and Capitals Coalition.
For interviews or more information, please contact:
Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com
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