DigitalBridge to Acquire Australian Smart Metering Platform PLUS ES
DBRG sits 79% above its 52-week low of $8.94.
Summary
DigitalBridge is acquiring PLUS ES, a leading Australian smart metering platform. The deal expands DigitalBridge's digital infrastructure footprint into Australia's smart metering sector, aligning with its strategy of investing in high-growth digital assets. No financial terms were disclosed. PLUS ES provides infrastructure and services that connect retailers, utilities and network operators with data to manage a complex energy ecosystem. This follows the company's strong Q2 results and recent ArcLight Capital Partners acquisition, signaling continued deal momentum. The acquisition is likely to be accretive to DigitalBridge's fee-related earnings and asset base, though the immediate financial impact is unclear without deal terms.
At the time of this announcement, DBRG was trading at $15.96 on NYSE in the Technology sector, with a market capitalization of approximately $3B. The 52-week trading range was $8.94 to $15.98. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.