For more than a century Landis+Gyr has helped utilities manage energy better.
Chapter 1: Building a global meter business
Since 1896 Landis+Gyr has been designing and manufacturing high quality, state of the art electricity meters. Based in Zug, Switzerland, the company had access to a highly skilled workforce and distribution system throughout Europe with subsidiaries in Berlin, London, and Vienna. In 1924 the company expanded globally with the establishment its first overseas offices in New York and Melbourne (Australia).
Growth continued and in the early 1970’s, a significant step was taken in 1976 when Landis+Gyr acquired meter producer Duncan Electric of Lafayette, Indiana. 1981 saw the advent of electronic meters and Landis+Gyr was there at the forefront, developing and launching its first range of digital meters for the industrial and commercial segments.
Chapter 2: The meter becomes a digital device
Technological change and the emerging globalization of markets as a consequence of increasing liberalization and deregulation require a reorientation of the group. Landis+Gyr moves ahead with the development and rollout of electronic products and launches the first digital residential electricity meter.
Through the late 1990’s the company continued its global growth and expansion via a series of different investors and owners, including Electrowatt, KKR and Siemens. In 2004 Bayard Capital of Australia purchased the company with a vision of building the premier energy management company in the world, one that would combine positive environmental outcomes with Landis+Gyr’s metrology expertise and culture.
Chapter 3: ICT makes the meter smart
The new millennium saw the success of information and communications technology (ICT), allowing for a new dimension of functionalities and data transparency to the benefit of utilities and energy consumers. Under Bayard’s ownership, Landis+Gyr made 14 different investments in the sector, deploying over $1.2 billion in capital to expand beyond a pure metering company and into the networking and communications space.
In 2006 and 2007 Hunt Technologies and Cellnet Technologies, both from the US, and the Finnish Enermet Group were acquired. With these new assets, Landis+Gyr realized a quantum leap in the capability to implement an aggressive growth strategy. In addition to Hunt and Enermet’s communications know-how, Cellnet’s contracted 14 million managed service endpoints together with a unique track record in providing AMI, SCADA and DA network solutions to electric, gas and water utilities, gave Landis+Gyr the broadest portfolio in the market and the company became the leader in Advanced Metering Infrastructure.
Chapter 4: Smart meters are the heart of the smart grid
In 2011, Landis+Gyr was acquired by the Toshiba Corporation. This combination, recognized globally as having established a world-class partnership in the highly promising field of energy management solutions, has intensified the focus on smart metering technology as an essential building block in the development of smart grids and smart communities.
In July 2017, Landis+Gyr was listed at the SIX Swiss Exchange. In the IPO, former shareholders Toshiba and INCJ sold all their shares. With operations spanning more than 30 countries and serving all of the major utilities in every continent, Landis+Gyr continues to empower utilities and end-customers to improve their energy efficiency, reduce their energy costs and contribute to a sustainable use of resources.