Landis+Gyr has sold its EV Solutions business to KD Group in a strategic move to enhance operational focus and ensure sustainable growth in e-mobility.

Target Overview

Landis+Gyr (SIX:LAND), a prominent global provider of integrated energy management solutions, has recently entered into a share purchase agreement with KD Group for the divestiture of its EV Solutions business, formerly known as Etrel. This strategic move offers a sustainable pathway forward, ensuring the continued operation and support of the business for employees, customers, and partners alike.

As part of its ongoing exit strategy from the electric vehicle (EV) charging sector in the EMEA region, Landis+Gyr has focused on facilitating the best possible outcome for the EV Solutions business. The agreement with KD Group not only secures the future of the business but also guarantees the employees, customer contracts, and service commitments will be maintained under the new ownership.

Industry Overview in Slovenia

The Slovenian market for electric vehicle charging solutions is experiencing significant growth, driven by increasing government initiatives aimed at promoting sustainable