Vector cleared to buy Meridian's Arc metering business

Vector cleared to buy Meridian's Arc metering business
By Paul McBeth Nov. 26 (BusinessDesk) - Vector, the Auckland electricity and telecommunications lines company, has been cleared to by Meridian Energy's Arc Innovations metering business. The Commerce Commission yesterday gave the green light to the acquisition, which gives Vector advanced electricity meters and related metering services to energy retailers, it said in a statement. Arc missed out on winning any contracts with the major retailers, who have either concluded or are in the process of wrapping up long-term supply contracts, wit...