EN - May 24, 2018, Landis+Gyr and Pacific Equity Partners Announce Joint Venture for Acquisition of Acumen Metering Business
(WorldNews Switzerland)

Landis+Gyr Group AG Theilerstrasse 1 Postfach 260 6301 Zug Switzerland Landis+Gyr and Pacific Equity Partners Announce Joint Venture for Acquisition of Acumen Metering Business Positioned to Expand Smart Metering and Related Services in Australia Zug, Switzerland and Sydney, Australia, May 24 2018 - Global smart metering leader Landis+Gyr (LAND.SW) and Pacific Equity Partners (PEP) today announced an agreement to form a joint venture for the acquisition of Acumen from Australia`s largest energy retailer, Origin Energy Limited. The joint venture will be known as intelliHUB Holdings Pty Ltd. The Acumen business includes the existing management and servicing of an already deployed 170,000...