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Energy infrastructure firm Calisen is set to be taken over after terms were agreed on a deal valuing the firm at £1.43bn - just months after the firm went public.

The Manchester-based firm said on Friday the offer came from global consortium Coyote Bidco, and it would see current shareholders receive 261p per share.

The smart meter firm, whose headquarters are based on Marsden Street, employs over 1,700 employees and only listed on the London Stock Exchange in February.

Shareholders have been recommended to accept the terms of the takeover.

Phil Nolan, chair of Calisen, said: “The all-cash offer represents an attractive opportunity for all shareholders to crystallise their investment in Calisen in the near term and also provides a meaningful premium to the prevailing share price.

“We believe that the consortium has considerable experience investing in and supporting similar infrastructure businesses and we are pleased that they intend to support Calisen’s strategy and growth ambitions."

Bidco consists of investors including Goldman Sachs, Blackrock and Mubadala Investment, a fund owned by the Abu Dhabi state.

Calisen's operations consist of two businesses. Calvin Capital - a firm procuring, owning and managing a portfolio of domestic electricity and gas meters, and Lowri Beck - a firm carrying out meter readings and maintenance on behalf of its energy retailer customers.