AURELIUS Private Equity has announced its acquisition of Landis+Gyr's EMEA metering business for $215 million, citing strong growth prospects in the metering industry.

Target Information

AURELIUS Private Equity has agreed to acquire the EMEA metering business of Landis+Gyr, which is publicly listed on the SIX Swiss Exchange, for an enterprise value of $215 million. This business generated over $600 million in revenue during FY24 and employs around 2,700 people across five production sites located in Europe, the Middle East, and Africa. Its diverse portfolio includes residential and industrial electricity, gas, and thermal metering solutions, along with integrated software and services.

Founded on the principles of Swiss precision engineering, Landis+Gyr EMEA has established a strong reputation for quality and reliability over its century-long legacy. AURELIUS plans to leverage its in-house operational advisory team, AURELIUS WaterRise, to collaborate closely with the management team on the carve-out initiative, aiming to enhance both revenue growth and profitability within the business.

Industry Overview in the Target's Country

The metering industry in the EMEA region is witnessing substantial growth, driven by increasing demand for energy-efficient solutions and advancements in smart metering technology.