Norton Rose Fulbright advises Landis+Gyr on the sale of smart meters business Intellihub

Australia Press release December 2021

Global law firm Norton Rose Fulbright has advised Landis+Gyr Pty Ltd (Landis+Gyr) on the divestment of its entire interest in smart meters business Intellihub Operations Pty Ltd (Intellihub).

Landis+Gyr (a subsidiary of Swiss global meters giant Landis+Gyr Group AG) announced on 20 December its agreement to sell its entire interest in smart meters business Intellihub for over A$310 million.

Intellihub is an Australian and New Zealand based utility services company that delivers digital energy metering and data solutions. The transaction is subject to various closing conditions and, once completed, Intellihub will be jointly owned by Brookfield Infrastructure and Pacific Equity Partners.

Norton Rose Fulbright Corporate M&A partner, Adam Edelman, commented:

“We are pleased to have assisted Landis+Gyr with this transaction. Our client’s investment has been a great success over the last few years, but its divestment comes at an appropriate time in the energy transition period that Australia is now undergoing. We look forward to Landis+Gyr’s continuing expansion into the smart infrastructure, grid edge intelligence and smart metering sector.”

Working closely with Landis+Gyr Group General Counsel Holger Klafs (Switzerland) and General Counsel Asia Pacific Nikolina Regan (Sydney), Adam led the Norton Rose Fulbright team supported by senior associate Michael Phillips (Sydney), associate Andrew Cho (Sydney) and lawyer Ellen Pen (Perth).

Norton Rose Fulbright has also advised on a range of corporate M&A deals:

 

For further information please contact:

Alex Boxsell, Head of Digital, Communications & Experience, Norton Rose Fulbright in Australia

Tel: +61 (0)2 9330 8165; Cell: +61 (0)414 985 556

Angela Han, Digital & Communications Executive, Norton Rose Fulbright in Australia

Tel: +61 (0)2 9330 8610; Cell: +61 (0)438 429 798