Landis+Gyr Acquires Meter Reading Business in Finland and Further Strengthens Its EMEA Managed Services Operations
The acquisition will see Landis+Gyr take over from Telia Finland meter reading services operations for 950,000 metering points, effect as of September 2021. The transfer demonstrates the strategic focus of Landis+Gyr to further enhance its service market focus and managed services business in EMEA.
Cham, Switzerland – July 12th, 2021 – Following Landis+Gyr’s strategy to further expand its service business in the EMEA region, Landis+Gyr acquires Telia’s AMR (“Automated Meter Reading”) Business in Finland. The scope of service currently delivered by Telia to 23 utilities will remain unchanged. The operations, including meter reading for more than 950,000 residential smart meters, data collection services and transfer of the measurement data, will be handed over to Landis+Gyr together with a dedicated team of AMI service professionals, who will strengthen Landis+Gyr’s service organization. Consequently, all related managed services customers in Finland formerly served by Telia’s AMR Business will continue to receive professional, high-quality service, provided by the same team of experts with whom they have worked for years. In addition, they will benefit from Landis+Gyr’s strong service platform, flexible capacities for integrating future changes to their infrastructure and stringent data security for all services provided.
“With this acquisition, we are strengthening our managed services footprint in EMEA, raising the number of metering points under a managed service contract in Europe with Landis+Gyr to approximately 2.5 million. At the same time, with energy processes and systems becoming more complex, we are responding to the growing demand of utilities for a strong partner helping them manage their operations efficiently. Our customers can rely on Landis+Gyr’s 20-year experience in managed services, our strong service platform and highly skilled experts,” says Susanne Seitz, Executive Vice President EMEA at Landis+Gyr.
With its AMI operations across the Nordics and a strong smart grid services footprint in North America, Landis+Gyr currently manages more than 15 million metering points under service contracts worldwide. In the Nordic region, the company delivers 42 million meter values every day as a service to more than 40 utilities. As a result of the acquisition, this number will be growing to more than 60 utilities.
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Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, we deliver innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.4 billion in FY 2020, Landis+Gyr employs more than 5,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.