ATCO today announced that it has signed a conditional agreement to acquire Western Australia Gas Networks (WAGN) from WestNet Infrastructure Group. WAGN is the natural gas distribution utility company that serves the City of Perth and surrounding areas.

"In April 2010, our Board of Directors approved an Australian growth strategy modeled after ATCO's existing Canadian enterprise of diverse yet complementary businesses," said Nancy Southern, President & Chief Executive Officer, ATCO Group. "The acquisition of Western Australia Gas Networks is an important step towards achieving this strategy. Driven by natural resource development, the utility is situated in the heart of one of the fastest growing economies in the world and complements our existing portfolio of energy infrastructure assets in Australia." Read More