DigitalBridge to acquire Plus ES, a leading Australian smart metering platform

DigitalBridge Group, Inc. (NYSE: DBRG) has announced plans to acquire Plus ES, a leading Australian smart metering platform, marking a strategic expansion into the energy technology sector. The acquisition aligns with DigitalBridge’s broader focus on digital and energy infrastructure, particularly as demand for advanced metering infrastructure and grid modernization continues to grow globally.

Plus ES operates as a key player in the Australian energy market, providing smart metering solutions that support utilities in managing energy distribution, enhancing grid efficiency, and enabling real-time data analytics for consumers. The platform is integral to the transition toward smarter, more sustainable energy systems, particularly in the context of increasing electrification and renewable energy integration.

DigitalBridge’s acquisition of Plus ES is expected to strengthen its position in the energy infrastructure space, complementing its recent agreement to acquire ArcLight Capital Partners, a leading North American power infrastructure investor. The combined platform is anticipated to offer a more comprehensive suite of services across digital infrastructure, power generation, and smart grid technologies.

The transaction is subject to customary regulatory approvals and other closing conditions. Upon completion, Plus ES will operate as part of DigitalBridge’s infrastructure portfolio, with continued emphasis on operational excellence and long-term value creation for stakeholders.

This move underscores DigitalBridge’s strategy to consolidate its leadership in infrastructure sectors poised for growth, particularly in the context of AI-driven energy demands and the global shift toward decarbonization.