PEP, Landis+Gyr to acquire Australia smart meter business
Pacific Equity Partners (PEP) and Landis+Gyr, a Switzerland-based technology supplier to the electricity industry, have agreed to jointly acquire Australian smart meter company Acumen for A$267 million ($202 million).
Landis+Gyr will contribute A$75 million to the transaction, which is expected to close by the end of next month via a joint venture company known as IntelliHUB. It marks the first investment from PEP’s...
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