Ausgrid-linked platform manages about 2 million meters across the National
DigitalBridge has agreed to acquire PLUS ES, one of Australia’s largest smart meter providers, on 28 August 2026.
The buyer is an investment vehicle managed by DigitalBridge. PLUS ES is a separate ring-fenced entity within the Ausgrid Group.
PLUS ES connects retailers, utilities and network operators with the data needed to manage the energy system. It delivers integrated metering and data services across the National Electricity Market.
According to DigitalBridge, PLUS ES manages approximately 2 million meters across the NEM. The company said those assets give the business scale as Australia expands its smart meter rollout.
Deal awaits regulatory approval
The transaction is subject to customary closing conditions, including regulatory approvals. DigitalBridge did not disclose the deal value or a closing date.
Justin Chang, DigitalBridge’s head of Asia Pacific and a senior managing director, said PLUS ES sits at “a compelling intersection of digital infrastructure and the energy transition”.
He also pointed to long-term customer relationships and contracted deployment visibility. In his view, those factors support further growth as smart meter installations continue.
Meanwhile, PLUS ES said its advanced metering and data platforms help customers manage energy use, optimise operations and support sustainability goals.
The company also said its services help address gaps in performance, visibility and long-term reliability. Those functions support retailers, utilities and network operators that rely on meter data.
DigitalBridge described the investment as support for the continued growth of smart metering infrastructure in Australia’s changing energy ecosystem.
The firm is a global alternative asset manager focused on digital infrastructure. Its investment areas include cell towers, data centres, fibre, small cells and edge infrastructure.
DigitalBridge says it has more than 30 years of experience investing in and operating businesses across the digital ecosystem. It manages infrastructure assets on behalf of limited partners and shareholders.
The company is headquartered in Boca Raton, Florida, and has offices across North America, Europe, the Middle East and Asia.
Neither company disclosed how many staff are involved in the transaction. They also did not say whether customer contracts or day-to-day operations will change after completion.
