- Release Date: 02/07/13 12:20
- Summary: ASSET: VCT: Vector Pleased With Gas Metering Sale Completion
- Price Sensitive: No
- Download Document 797B
VCT 02/07/2013 10:20 ASSET REL: 1020 HRS Vector Limited ASSET: VCT: Vector Pleased With Gas Metering Sale Completion Vector advises that it has completed the acquisition of Contact's gas metering business, for NZ $59.9m which is for 128,000 gas meters located at residential, commercial and industrial premises around the North Island. Vector's CEO Simon Mackenzie said the purchase would complement Vector's existing gas metering business and help ensure continued growth for Vector in the metering sector. "We have installed smart gas metering technology for an extended trial and in the longer term we hope to retro-fit this technology on the acquired gas meter fleet as customers request this service," he said. ENDS End CA:00238114 For:VCT Type:ASSET Time:2013-07-02 10:20:58
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Ann: ASSET: VCT: Vector Pleased With Gas Metering
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