Landis+Gyr

Landis+Gyr AG
Publicly traded limited company
Traded as SIX: LAND
Industry Electronics
Founded Zug, Switzerland (1896 (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
Website www.landisgyr.com

Landis+Gyr, is a publicly listed, multinational corporation with 45 companies in over 30 countries and headquartered in Zug, Switzerland focused on metering and other technologies and solutions which deal with energy management.

History[1]

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.[2]

Ownership & Acquisitions

2017 - On July 21, 2017, Landis+Gyr has listed its shares (ticker symbol: LAND) on the SIX Swiss Exchange

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 Electric Company of Lafayette, Indiana.

Corporate Affairs

Landis+Gyr is a publicly listed at the SIX Swiss Exchange and managed by the Board of Directors through the Group Executive Management acting under the leadership of the CEO. Currently, Richard Mora is the CEO and Andreas Umbach is the Chairman of the Board of Landis+Gyr.

The Board of Directors is appointed by the shareholder’s meeting and entrusted with the ultimate direction of the company’s business and the supervision of the persons entrusted with the company’s management. The members of the Group Executive Management are appointed by the Board of Directors.

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.

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

Recognition & Awards

Criticism

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

References

  1. ↑ "History Landis+Gyr". Landisgyr.com. Retrieved 2012-12-17.
  2. ↑ "History Siemens Building Technologies". Buildingtechnologies.siemens.com. 1998-10-01. Retrieved 2012-12-17.
  3. ↑ "Grid Edge 20: The Top Companies Disrupting the US Electric Market". Greentechmedia.com. Retrieved 2015-04-24.
  4. ↑ "Frost & Sullivan Applauds Landis+Gyr for Developing Groundbreaking Technologies to Build Future-Ready Smart Grids Across the Globe". PR Newswire. Retrieved 2015-02-03.
  5. ↑ "Grid Edge 20: Companies Transforming the US Power Sector". Greentechmedia.com. Retrieved 2014-04-03.
  6. ↑ "Frost & Sullivan 2013 Global Company of the Year Award Conferred on Landis+Gyr". Frost.com. Retrieved 2013-09-03.
  7. ↑ "2013 Beacon Awards". IBM Partner World. Retrieved 2013-09-03.
  8. ↑ "CW2013 100". connectedworldmag.com/. Retrieved 2013-09-03.
  9. ↑ "Gold Medal Awards". Rospa.com. Retrieved 2012-12-17.
  10. ↑ "2010 Global Cleantech 100". Cleantechblog.com. 2010-10-18. Retrieved 2012-12-17.
  11. ↑ Minter, Steve (2010-12-14). "Industry Week Best Plants 2010". Industryweek.com. Retrieved 2012-12-17.
  12. ↑ "Public Records Request: Smart meter security audit plans schedules proposals contracts discussion results (Seattle)". Retrieved 2016-05-26.
  13. ↑ "A multinational demands to know who reads MuckRock". Retrieved 2016-05-26.
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