Landis+Gyr

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Landis+Gyr AG
Publicly traded limited company
Traded as SIX: LAND
Industry Electronics
Founded Zug, Switzerland (1896; 122 years ago (1896))
Founder Richard Theiler
Headquarters Zug, Switzerland
Number of locations
72 sites in 31 countries (of which 18 are manufacturing locations)
Area served
Worldwide
Key people
Andreas Umbach (Chairman) Richard Mora (CEO)
Products
Services Metering
Revenue US $1.66 Billion
Number of employees
5,900
Parent Toshiba Corp.
Website www.landisgyr.com

Landis+Gyr, is a publicly listed, multinational corporation with 45 subsidiary companies in over 30 countries and headquarters in Zug, Switzerland. Landis+Gyr makes meters and related software for electricity and gas utilities.

History[edit]

Landis+Gyr was originally known as Memes titlel and Co, established on September 11, 1905. It was renamed Landis & Gyr, after Heinrich Landis and Karl Heinrich Gyr, who followed founder Richard Theiler as managers. Landis+Gyr designs and manufactures a range of metering products, systems, and services for electricity, heat, and gas for energy utilities around the world. In 1924, Landis+Gyr opened its first overseas offices in New York and Australia. Besides metering products, with the founding 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. Landys+Gyr phone cards were used in many countries such as Israel, Belgium, Switzerland and more.[1]

Ownership and acquisitions[edit]

  • 1976 – Landis+Gyr acquired Duncan Electric Company of Lafayette, Indiana.
  • 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, adding electronic products.
  • Late 1990s – In the late 1990s, Landis+Gyr went through a series of different investors and owners, amongst them Elektrowatt, KKR and Siemens.
  • 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. An organizational realignment took place under Bayard Capital's ownership. The company moved to a regional structure, assigning regional corporate structures for North America; South America; UK/Pre-Payment; Europe; and Asia Pacific.
  • 2006 – Landis+Gyr acquired Finnish Enermet Group, and also Hunt Technologies and Cellnet Technologies, both of which are from the United States of America.
  • 2011 – Landis+Gyr was acquired by Toshiba Corporation of Japan for USD$2.3 billion.
  • 2017 – On July 21, 2017, Landis+Gyr has listed its shares (ticker symbol: LAND) on the SIX Swiss Exchange.

Utilities[edit]

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.

Landis+Gyr E450 G3 1-Phase Smart Electricity Meter
Landis+Gyr S650 SCADA Smart Grid Terminal

Criticism[edit]

Smart metering is opposed by some, and as a developer of such meters, Landis+Gyr is met with criticism.

  • In 2016, Phil Mocek of MuckRock started investigating [2] a project in which Landis+Gyr was involved. After Mocek received the requested information, Landis+Gyr followed up by filing a lawsuit [3] demanding the documentation not be made public.

References[edit]