Pacific Equity Partners-backed intelliHUB acquired Metrix from Mercury for NZ$270m.

Pacific Equity Partners-backed intelliHUB, a metering services company, acquired Metrix, a smart-metering business, from Mercury, a New Zealand electricity generation and electricity retailing company, for NZ$270m. intelliHUB CEO Adrian Clark said: “We are very pleased to be acquiring Metrix which is a well established and strategically aligned business that will create significant opportunities for our customers across Australia and New Zealand. “Metrix’s large installed meter base, deep customer relationships and innovation platform, make this a natural acquisition for intelliHUB. It is also strongly aligned to our strategy of focusing on growth and innovation in smart metering services.”