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Origin Energy advised on sale of smart metering business

Origin Energy had been advised on the sale, by competitive bid, of its Acumen smart metering business to intelliHUB.

June 05, 2018 • By Jerome Doraisamy
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Origin Energy advised on sale of smart metering business
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Firm: Hive Legal (Origin Energy); Baker McKenzie and Clayton Utz (intelliHUB joint venture).

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Deal: Hive advised Origin on the sale of Acumen, its smart metering business, to intelliHUB, which is to be jointly owned by Pacific Equity Partners and Landis + Gyr.

 
 

Value: $267 million.

Area: Corporate.

Key players: The Hive team was led by principals Jeremy Snow, Andrew Brookes and Joanna Green.

Deal significance: “Hive’s team is excited to have acted on these arrangements,” the firm noted in a statement.

“They represent a significant development in the competitive metering market in Australia’s National Electricity Market, following major metering regulatory reforms which came into effect in December 2017.”

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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