Landis+Gyr Group AG has agreed to divest its EMEA operations to AURELIUS for USD 215 million, allowing the company to focus on growth in the Americas and Asia Pacific.

Target Information

Landis+Gyr Group AG (SIX: LAND), headquartered in Cham, Switzerland, is a prominent global provider of integrated energy management solutions. The company has recently entered into a share purchase agreement to divest its operations in the Europe, Middle East, and Africa (EMEA) region. This divestment is valued at USD 215 million and is aimed at strategically refocusing Landis+Gyr's efforts on higher-value software and service solutions.

The portfolio being divested includes a comprehensive range of metering solutions for residential electricity, gas, thermal energy, and water, along with integral software and services. In the financial year 2024, this segment generated net revenues of approximately USD 600 million. The transaction involves not only the full metering portfolio but also five production sites in the region and a workforce of around 2,700 employees.

Industry Overview

The metering industry in the EMEA region has been experiencing robust growth driven by several fundamental market trends, including the heightened demand for energy efficiency and the integration of smar