May 23 (Reuters) - Landis&Gyr Group AG LANDI.S :
* LANDIS+GYR AND PACIFIC EQUITY PARTNERS ANNOUNCE JOINT VENTURE FOR ACQUISITION OF ACUMEN METERING BUSINESS
* JOINT VENTURE WILL BE KNOWN AS INTELLIHUB HOLDINGS PTY LTD
* LANDIS&GYR GROUP- JOINT VENTURE HAS RAISED STARTING POSITION IN EXCESS OF A$500 MILLION OF CAPITAL TO FINANCE ROLLOUT OF SMART METERS IN AUSTRALIA
* WILL BE CONTRIBUTING BOTH CASH AND ITS INTELLIHUB BUSINESS WITH COMBINED EQUITY VALUE OF UP TO AUD 75 MILLION