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Intellihub's Powermetric deal can proceed, Australian regulator says

( April 1, 2025, 02:40 GMT | Official Statement) -- MLex Summary: Brookfield and Pacific Equity Partners-owned Intellihub’s plans to acquire smart-metering provider Powermetric, owned by Shell Energy Operations, is set to proceed, after Australia’s competition regulator found the deal wasn’t likely to substantially lessen competition in the two markets it examined. In an announcement on its website, the Australian Competition & Consumer Commission said that, post-acquisition, the merged entity would likely be competitively constrained by other independent suppliers of smart-metering services.The update to the Australian Competition & Consumer Commission's website follows: ...

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