Electra, the electricity line owner and operator in the Kapiti and Horowhenua region on the west coast of the lower North Island, has announced plans to sell its national meter reading and data collection company, Datacol to Wellington-based metering specialist Arthur D Riley and Co (ADR).
Electra CEO, Neil Simmonds said Datacol had been transformed from an electricity meter reading business into a leading edge data collection, monitoring and management business that had quickly established a market dominant position in the New Zealand water reading market and that had managed to secure significant international contracts.”
“However, we believe that the future success of the business requires greater size and strength, and that the best way to achieve this is through market consolidation,” he said.
“By consolidating forces with ADR, the board believes the combined operation can more quickly achieve the required economies of scale that will better position the business for future growth, and provide the most positive outcome for the business, its staff and clients.”
Datacol was established in 1999 as a provider of meter reading services across the electricity, gas and water sectors, and according to Electra the development of its proprietary SevenX electronic meter reading software package has been crucial to its success.
“In just seven years it has secured 80 percent of the New Zealand water meter reading market, with clients including Watercare Services (Auckland) and Tauranga City Council, Waikato Councils, Christchurch and Dunedin City Councils as well as Sydney Water in Australia,” Electra said.
“In the water sector, DataCol has partnered with many irrigation service companies as well as meter and sensor vendors to provide comprehensive water monitoring and irrigation management solutions, helping water consent holders comply with government regulation and improve their water usage efficiency through better information and reporting.”
In 2015 DataCol purchased Watermetrics, a metering company in the agricultural sector. The company’s electricity and gas customers include Contact Energy, Genesis Energy, Mercury Energy, Meridian Energy, Energy Online, TrustPower and Powershop.
ADR is a New Zealand owned company supplying and servicing the utility industry with a focus on electricity and water metering, and high voltage equipment for distribution networks.