# Landis+Gyr and Pacific Equity Partners form JV to acquire Acumen metering business

Landis+Gyr and Pacific Equity Partners agreed to form a joint venture, intelliHUB Holdings, to acquire the Acumen smart metering business from Origin Energy in Australia, with combined equity value up to AUD 75 million.

- Type: Acquisition
- Announced: 2018-05-24
- Where: Australia, Australia
- Value: $57.0M (75.0M AUD)
- Status: announced
- Capacity: 170,000 meters already deployed
- Products: smart meters, metering services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Landis+Gyr](https://endata.com/companies/3314.md) (partner)
- [Pacific Equity Partners](https://endata.com/companies/3315.md) (investor)
- [Acumen](https://endata.com/companies/3316.md) (target)
- [Origin Energy](https://endata.com/companies/3317.md) (partner)

## Sources

- [landisgyr.eu](https://www.landisgyr.eu/news/landisgyr-and-pacific-equity-partners-announce-joint-venture-for-acquisition-of-acumen-metering-business/), 2018-05-24: "Landis+Gyr will be contributing both cash and its intelliHUB business with combined equity value of up to AUD 75 million"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.