Digitalbridge Group IncDigitalBridge-managed vehicle agreed to acquire PLUS ES, an M&A deal expanding its digital infrastructure portfolio.

DigitalBridge announced that an investment vehicle it manages has agreed to acquire PLUS ES, an Australian smart meter provider within the Ausgrid Group. PLUS ES operates about 2 million smart meters across Australia, offering energy data services to retailers, utilities, and network operators. DigitalBridge's Head of Asia Pacific, Justin Chang, cited long-term growth potential from Australia's smart-meter rollout, supported by established customer relationships and contracted deployments. The transaction is subject to customary closing conditions, including regulatory approvals.
Digitalbridge Group IncDigitalBridge-managed vehicle agreed to acquire PLUS ES, an M&A deal expanding its digital infrastructure portfolio.
PLUS ES is being acquired by a DigitalBridge-managed vehicle, with cited growth potential from Australia's smart-meter rollout.
Ausgrid Group is divesting its PLUS ES smart meter unit, mentioned only as the seller/context.