ZB ZB
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Vector to buy Meridian Energy's Arc Innovations

Author
Sam Thompson,
Publish Date
Wed, 26 Nov 2014, 10:52AM
Lines company Vector has been given the green light to buy Meridian Energy's metering and asset service business - Arc Innovations (Edward Swift)
Lines company Vector has been given the green light to buy Meridian Energy's metering and asset service business - Arc Innovations (Edward Swift)

Vector to buy Meridian Energy's Arc Innovations

Author
Sam Thompson,
Publish Date
Wed, 26 Nov 2014, 10:52AM

Lines company Vector has been given the green light to buy Meridian Energy's metering and asset service business - Arc Innovations.

Commerce Commission approval was required after Vector was selected as the preferred buyer .

This follows Meridian's decision that Arc would be better served by an owner that has smart meter ownership and services as part of its core strategic focus.

The price has not been disclosed, but the sale is expected to be completed early next month.

Take your Radio, Podcasts and Music with you