Type Subsidiary Area served Worldwide Number of employees 5,700 Parent organizations Toshiba, Sofina | Services Metering Revenue 1.59 billion USD Founded 1896 | |
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Number of locations 72 sites in 31 countries (of which 18 are manufacturing locations) Products Gridstream®Energy metersHeat metersGas metersSmart metersSmart grid solutions Founders Richard Theiler, Adelrich Gyr Subsidiaries Landis+Gyr S.A.U., Landis+Gyr Ltd., India Profiles | ||
Landis gyr at distributech 2017
Landis+Gyr, is a multinational corporation with 45 companies in over 30 countries and headquartered in Zug, Switzerland focused on metering and other technologies which deal with management of energy.
Contents
- Landis gyr at distributech 2017
- Landis gyr at european utility week 2016
- History
- Acquisitions
- Corporate Affairs
- Utilities
- Recognition Awards
- Criticism
- References
In 2011 Landis+Gyr was purchased by Toshiba Corporation of Japan for USD$2.3 Billion.
Landis gyr at european utility week 2016
History
Landis+Gyr was originally known as Electrotechnisches Institut Theiler and Company, established in 1896. In 1905, it was renamed in Landis & Gyr, after Heinrich Landis and Karl Heinrich Gyr, who followed the Founder Richard Theiler as managers. Landis+Gyr has been designing and manufacturing a range of metering products, systems and services for electricity, heat and gas to energy utilities around the world. In 1924, Landis+Gyr experienced global expansion by opening its first overseas offices in New York and Australia. Besides metering products, with the foundation of Cerberus Limited in 1940 Landis+Gyr expanded into fire safety products. Cerberus was later acquired by Elektrowatt Limited, and is today a part of Siemens Building Technologies. The company was also known for producing optical phone cards until 2006. Phone cards of Landys+Gyr were used in many countries such as Israel, Belgium, Switzerland and more.
Acquisitions
2011 - Landis+Gyr was acquired by Toshiba Corporation of Japan for USD$2.3 Billion.
2006 - Landis+Gyr acquired Finnish Enermet Group together with Hunt Technologies and Cellnet Technologies both of whom are from the United States of America.
2004 - Landis+Gyr was acquired by then Australia based, Bayard Capital for an undisclosed amount. Bayard Capital had already acquired the British metering company Ampy Automation-Digilog. As Bayard Capital continued to add other acquisitions to the Group, 2008 saw the Landis+Gyr name being extended to the whole Group in May 2008.
A notable organizational realignment took place under Bayard Capital’s ownership. The company moved to a regional structure by aligning all activities in the regions, namely, North America; South America; UK/Pre-Payment; Europe; and Asia Pacific.
Late-1990s - In the late 1990s, Landis+Gyr went through a series of different investors and owners, amongst them, Elektrowatt, KKR and Siemens.
1987 - Landis+Gyr acquired MCC Powers of Chicago. MCC Powers had by then been a long established entity in the US building management market. Spurred by the liberalization and deregulation of global markets, Landis+Gyr re-oriented its business which saw the development and rollout of electronic products.
1976 – Landis+Gyr acquired Duncan Electronics of Lafayette, Indiana.
Corporate Affairs
Landis+Gyr, is an independent growth platform within the Toshiba Corporation functions with a board governance structure including representatives from the company's shareholders—Toshiba Corporation (60% ownership stake) and the Innovation Network Corporation of Japan (INCJ) (40% ownership stake). The current CEO and President of Landis+Gyr is Andreas Umbach, once recognized in the Top 40 Most Influential People in European Smart Grid by Metering International.
Utilities
Various utilities have worked with Landis+Gyr in meeting their consumers' demand for energy management tools by rolling out smart meters. Below are some of the utilities that have worked with Landis+Gyr in deploying smart metering technology to energy consumers.
Recognition & Awards
Criticism
Smart metering is opposed by some, and as developer of such meters Landis+Gyr is met with criticism.