Processing timeline
5
days
Filed
18 Aug 2026
Decision Due
29 Sept 2026
Est decision date: 20 Sept 2026. Based on 74 decided Professional & Business Services notifications.
Acquirer(s)
Zelora AssetCo Pty Ltd ACN - 698 335 509, Zelora TopCo Pty Ltd ACN - 698 332 240, Zelora OpCo Pty Ltd ACN - 698 334 762
Target(s) or Vendor(s)
INTELLIHUB AUSTRALIA PTY LTD ABN - 97 626 079 614, BUNNINGS GROUP LIMITED ABN - 26 008 672 179
Other parties
None listed
Bunnings Group Pty Ltd and Intellihub Australia Pty Ltd are establishing an incorporated joint venture, Zelora TopCo Pty Ltd. This transaction involves the parties acquiring shares in Zelora TopCo, which will then acquire assets from the existing Zelora home renewable energy solutions business and Intellihub's Enreal business.
Bunnings Group Pty Ltd ( Bunnings ) and Intellihub Australia Pty Ltd ( Intellihub ) are parties to an existing unincorporated joint venture which trades as Zelora. Zelora supplies home renewable energy solutions. Its services include supplying, installing and supporting customised solar panel and battery solutions through either a subscription-based or outright purchase model. Bunnings is part of the ASX listed Wesfarmers Group and is a retailer of home improvement and lifestyle products in Australia and New Zealand. Intellihub provides multi-utility services, including electricity and water metering as well as technology, installation and maintenance for other energy management services such as solar, batteries and hot water systems, EV charging and virtual power plants. Intellihub also operates the Enreal business which offers solar, battery and home energy management systems on a subscription or outright basis. Bunnings and Intellihub have agreed to establish an incorporated joint venture which will operate the existing Zelora business. The transaction will involve: Bunnings and Intellihub (through related entities) acquiring shares in a newly incorporated entity Zelora TopCo Pty Ltd (which, together with its subsidiaries, is referred to as the Zelora JV ); and the Zelora JV subsequently acquiring the assets used in the existing Zelora business as well as existing assets of Intellihub's Enreal business, (the Acquisition ).
The ACCC has prepared a questionnaire on the Acquisition. Submissions or information in response to the questionnaire should be provided by 26 August 2026 via email to mergers@accc.gov.au with the title S ubmission re Bunnings – Intellihub – Zelora Joint Venture. The ACCC’s ability to give detailed consideration to submissions received after this time may be limited.