May 25, 2018 / 9:02 AM / in a month

Partners Group consortium to buy German metering firm Techem

ZURICH, May 25 (Reuters) - A consortium led by Swiss asset manager Partners Group Holding will buy Techem from Macquarie in a deal that values the German metering company at an enterprise value of 4.6 billion euros ($5.4 billion), Partners Group said on Friday.

The buyers include Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers’ Pension Plan as well as Techem’s management team, it said in a statement.

Macquarie had picked three suitors for a final bidding round for Techem, people close to the matter had told Reuters last month. ($1 = 0.8530 euros) (Reporting by Michael Shields Editing by Maria Sheahan)

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