Fundamentals: Business sector sale

July 2023

Lucy Group has acquired the assets and IP of Fundamentals’ Artificial Intelligence & Machine Learning (AI/ML) business. Focusing on grid monitoring and fault location, the AI/ML capability will merge with Lucy Electric’s GridKey intelligent Low Voltage (LV) remote monitoring system and digital substation activities.

This combined technology allows planned maintenance intervention to prevent power interruption, which is far more efficient than an emergency repair.

Bruce Roxburgh and Laura Guest advised Fundamentals.

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“Roxburgh Milkins played a critical role in helping to get the deal over the line with their usual pragmatic and positive approach.

Recognising the key requirements of the transaction and offering very clear insights at an early stage, Laura and Bruce were great to work with and operated with utmost professionalism and friendliness.”

Jon Hiscock, Director and CEO, Fundamentals

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