PERTH (miningweekly.com) – Integrated energy company Origin Energy will sell its metering business, Acumen, for A$267-million to intelliHub.
ASX-listed Origin said on Thursday that it has also committed to a competitive long-term agreement with Acumen for the ongoing deployment and management of digital meters for its electricity customers.
“We are pleased to deliver on our commitment to sell and realise value from Acumen, a business that we’ve grown from scratch over the past eight years, to now having more than 170 000 m under management,” said Origin CEO Frank Calabria.
“A very competitive long-term metering contract with Acumen, enhanced by Landis+Gyr’s global expertise in digital meter technology, deployment and management services, will support our digital-first strategy of using data and insights to enhance the customer experience.”