Vector reviewing future of metering business

Vector has hired Citi to look at the future of its metering business.

Wed, 06 Apr 2022

Vector has announced a strategic review of its smart metering business which services more than two million electricity and gas meters throughout New Zealand and Australia.Vector's group chief executive, Simon Mackenzie, said: “A number of highly credible organisations have made unsolicited approaches to us expressing an interest in partnering with us and investing in the NZ and Australia metering business. In this context, Vector considers it prudent to assess options for its metering business.”“The strategic review is ex...

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