(Reuters) - Australian energy retailer Origin Energy Ltd said on Thursday it has agreed to sell its metering business, Acumen, for A$267 mln ($202.07 mln) to intelliHUB, a company to be jointly owned by Pacific Equity Partners and Landis+Gyr.
The company said it had committed to a long-term agreement with Acumen for the management of digital meters of Origin's electricity customers.
The sale is expected to complete by June 30, Origin said in a statement.
(Reporting by Ambar Warrick in Bengaluru; Editing by Muralikumar Anantharaman)