Landis+Gyr has sold its EV Solutions business to KD Group, ensuring business continuity and positioning the new ownership for future growth in Slovenia's expanding e-mobility sector.
Information on the Target
Landis+Gyr (SIX:LAND), a prominent global provider of integrated energy management solutions, has initiated a transformational process by entering into a share purchase agreement with KD Group for the sale of its EV Solutions business, previously known as Etrel. This strategic move is designed to create a sustainable future for the business, prioritizing the interests of employees, customers, and partners.
As part of its strategic exit from the electric vehicle (EV) charging business within the EMEA region, Landis+Gyr has dedicated efforts to identify the most favorable outcomes for its EV Solutions business. This partnership with KD Group ensures the continuity of operations, protecting employee jobs and upholding existing customer contracts and service obligations under new ownership.
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Industry Overview in Slovenia
Slovenia's EV industry is experiencing robust growth, driven by increasing government incentives, public awareness, and the global shift towards sustainable transportation. The country has adopted
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KD Group
invested in
EV Solutions business (formerly Etrel)
in 2025
in a Other deal