Landis+Gyr Steps from Toshiba Shadow, Into Water
On 21 July 2017, Landis+Gyr, the Switzerland-based manufacturer of electricity and gas meters and provider of advanced metering infrastructure (AMI), launched an initial public offering on the Swiss stock exchange. The IPO raises needed liquidity for its financially stressed parent company, Toshiba, which has held a 60% equity position.
Over the last 24-months, the smart meter sector been an active space for M&A, including Xylem’s acquisition of Sensus. Free of Toshiba’s financial restrictions, Landis+Gyr is set to re-establish itself as a key player in the AMI segment, globally.
In this Research Note, Bluefield water experts analyze Landis+Gyr’s position in the smart meter market, the overall competitive landscape, and other recent M&A among smart water companies. For more analysis, see our latest update on global smart water markets.