Meridian to sell metering business Arc Innovations to Vector

Sun, 24 Aug 2014

By Suze Metherell Aug. 25 (BusinessDesk) - Meridian Energy, the government-controlled energy company, will sell its metering assets and services business, Arc Innovations, to Vector, the Auckland lines company, as it focuses on its retail business. The energy companies are yet to disclose a price on the conditional sale, which is dependent on Commerce Commission approval. The sale came after a review of Meridian's metering services requirements as it focuses on its core energy retailing service, the Wellington-based company said in a stat...

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