QIC completed the acquisition of a 50% stake in Vector for A$2.34bn.

Queensland Investment, a private equity firm, completed the acquisition of a 50% stake in Vector, a metering business, for A$2.34bn. "This deal is another strong commitment by QIC Infrastructure to its sector centric and thematic based investment strategy, of which the energy transition is a core focus, one where we have now deployed A$5bn over the past 5 years. Smart meters have a critical role to play in the decarbonisation of electricity supply in both Australia and New Zealand,” Ross Israel, QIC Head of Global Infrastructure.