Vector expands energy service suit with HRV, PowerSmart acquisitions

Tue, 14 Mar 2017

By Paul McBeth March 15 (BusinessDesk) - Vector has expanded out its suite of energy services with the acquisition of E-Co Products Group, better known as home ventilation firm HRV, and solar power firm PowerSmart, both for undisclosed sums. The Auckland-based electricity, gas and telecommunications lines company expects HRV and PowerSmart will add to earnings from the 2018 financial year, and will pay for the acquisitions using existing debt facilities, it said in a statement. Chief executive Simon Mackenzie said the businesses will ope...

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