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BAYARD GROUP ACQUIRES CELLNET TECHNOLOGIES FOR US$708.6 MLN.
SYDNEY, Dec 1 Asia Pulse - The Kerry Stokes-backed Bayard Group has shelled out $A900 million ($US708.62 million) to acquire automated meter reading company Cellnet Technologies.
The transaction is the largest for the Sydney-based energy measurement and efficiency technology group and follows the million purchase of Finland-based supplier of advanced metering, Enermet, in May.
Bayard is run by former APN News (ASX:APN) and Media Ltd chief executive Cameron O'Reilly, who is the son of media magnate Sir Anthony O'Reilly, a major shareholder of the company.
Joining Sir O'Reilly on the shareholder register is Seven Network Ltd (ASX:SEV) boss Kerry Stokes, former Lion Nathan chairman Douglas Myers, Rural Press (ASX:RUP) chairman John B. Fairfax, the Smorgon family, fashion designer Carla Zampatti ...
- Bayard Group Completes Cellnet Acquisition.
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...Cellnet(R)) announced today that Bayard Group has completed its acquisition of Cellnet...as an independent company within the Bayard Group portfolio. The close of the Bayard...Cameron O'Reilly, managing director Bayard Group. "The acquisition of Cellnet complements...
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...measurement and efficiency technologies, to Bayard Group for approximately $705 million. Cellnet...Communications at: 678.258.1500. About Bayard Group Since its establishment in 2002, Bayard...The current principal shareholders of Bayard Group are interests associated with DB ...
- BRIEFING - ASIA ENERGY - DEC 1, 2006.
- News wire article from: AsiaPulse News December 1, 2006 700+ words
...Hakim said yesterday. BAYARD GROUP ACQUIRES CELLNET TECHNOLOGIES FOR US$708.6 MLN SYDNEY...The Kerry Stokes-backed Bayard Group has shelled out A$900...automated meter reading company Cellnet Technologies. The transaction is the...
- Technology Contracts: KNOW THY VENDOR!
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...for Metavante's customers. A more extreme example is Cellnet Technologies, a first-tier provider of AMR/AMI infrastructure and...buyout. Then, in early 2007, Cellnet was acquired by the Bayard Group, a private company based in Australia that also controls...
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- Press release article from: Business Wire December 5, 2007 700+ words
...under contract, announced today that Bayard Group has taken a minority stake in the company. Bayard Group is a leading global investor in energy...Reilly, founder and managing director of Bayard Group. "We are pleased to have WACS as part...
- Cellnet+Hunt to Feature Groundbreaking In-home Energy Display at DistribuTech.
- Press release article from: PR Newswire January 16, 2008 700+ words
...Metering and Cellnet+Hunt are sister companies owned by the Bayard Group. "The ecoMeter presents an opportunity for North American...utilities worldwide. Cellnet+Hunt is part of the global Bayard Group of energy efficiency companies. For more information visit...
- BUSINESS WIRE DAILY SUMMARY - DEC 5, 2007.
- News wire article from: AsiaPulse News December 6, 2007 700+ words
...water utilities with more than 11 million endpoints under contract, announced today that Bayard Group has taken a minority stake in the company. Bayard Group is a leading global investor in energy measurement and efficiency technologies. 9) Category...
Source: HighBeam Research, BAYARD GROUP ACQUIRES CELLNET TECHNOLOGIES FOR US$708.6 MLN.