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m →top: Task 28 - removal of deprecated parameters from Template:infobox company (+ genfixes)
Adding local short description: "Multinational electronics corporation", overriding Wikidata description "company"
 
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{{Short description|Multinational electronics corporation}}
{{Infobox company
{{Infobox company
| name = Landis+Gyr AG
| name = Landis+Gyr AG
| logo = Landis+Gyr (logo).png
| logo = Landis+Gyr logo.svg
| type = [[Limited company|Publicly traded limited company]]
| type = [[Limited company|Publicly traded limited company]]
| traded_as = [[SIX Swiss Exchange|SIX]]: LAND
| traded_as = [[SIX Swiss Exchange|SIX]]: LAND
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| predecessor =
| predecessor =
| successor =
| successor =
⚫
| founder = Richard Theiler
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| area_served = Worldwide
| area_served = Worldwide
| key_people = Andreas Umbach (Chairman) Richard Mora (CEO)
| key_people = Andreas Umbach (Chairman)<br>Werner Lieberherr (CEO)
| products = {{ubl|Gridstream|[[Energy meter]]s|[[Heat meter]]s|[[Gas meter]]s|[[Smart meter]]s|[[Smart grid]] solutions}}
| products = {{ubl|[[Energy meter]]s|[[Heat meter]]s|[[Gas meter]]s|[[Smart meter]]s|[[Smart grid]] solutions}}
| services = Metering
| services =
| revenue = US $1.66 Billion
| revenue = US $1.4 Billion
| operating_income =
| operating_income =
| net_income =
| net_income =
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| equity =
| equity =
| owner =
| owner =
| num_employees = 5,900
| num_employees = 5,000
| divisions =
| divisions =
| subsid =
| subsid =
| footnotes =
| footnotes =
| foundation = [[Zug]], Switzerland ({{Start date and age|1896}})
| foundation = {{Start date and age|1896}} in [[Zug]], Switzerland
⚫
| founder = Richard Theiler<br>Adelrich Gyr
| location_city = [[Zug]]
| location_country = [[Switzerland]]
| location_city = [[Cham, Switzerland|Cham (ZG)]]
| location_country = Switzerland
| location =
| location =
| locations = 72 sites in 31 countries (of which 18 are manufacturing locations)
| homepage = {{URL|www.landisgyr.com}}
| homepage = {{URL|www.landisgyr.com}}
}}
}}
'''Landis+Gyr''', is a publicly listed, [[multinational corporation]] with 45 subsidiary companies in over 30 countries and headquarters in [[Zug]], Switzerland. Landis+Gyr makes meters and related software for electricity and gas utilities.
'''Landis+Gyr AG''' is a publicly listed, [[multinational corporation]] operating in over 30 countries and headquartered in [[Cham, Switzerland]]. Landis+Gyr makes meters and related software for electricity and gas utilities.


== History==
== History==
Landis+Gyr was founded in 1896 as ''Theiler & Co.'' in [[Zug]], in the [[canton of Zug]], [[Switzerland]], by technician Richard Theiler and entrepreneur Adelrich Gyr.<ref name=HDS>{{HDS|41874|Landis & Gyr|author=Renato Morosoli|date=7 December 2019}}</ref> It began by manufacturing [[electricity meter]]s that were developed by Theiler.<ref name=HDS/> Heinrich Landis joined the business in 1903,<ref>{{HDS|31498|Heinrich Landis|author=Renato Morosoli|date=11 November 2008}}</ref> acquired it in 1904 and introduced Karl Heinrich Gyr as a partner in 1905, renaming it ''Landis & Gyr''.<ref name=HDS/> The company benefited from the rise of the electronics industry and expanded abroad over the following years.<ref name=HDS/> By 1914, when it was made a [[Aktiengesellschaft|joint-stock company]], it was the largest employer in the canton of Zug, with over 800 employees.<ref name=HDS/>
Landis+Gyr was originally known as Electrotechnisches Institut Theiler and Company, established on September 11, 1905. It was renamed Landis & Gyr, after Heinrich Landis and Karl Heinrich Gyr, who followed founder Richard Theiler as managers. Landis+Gyr designs and manufactures a range of metering products, systems, and services for electricity, heat, and gas for energy utilities around the world. In 1924, Landis+Gyr opened its first overseas offices in New York and Australia. Besides metering products, with the founding of Cerberus Limited in 1940, Landis+Gyr expanded into fire safety products. Cerberus was later acquired by Elektrowatt Limited and is today a part of Siemens Building Technologies.

The company was also known for producing optical [[phone cards]] until 2006. Landys+Gyr phone cards were used in many countries such as [[Israel]], [[Belgium]], [[Switzerland]] and more.<ref>{{cite web|url=http://www.buildingtechnologies.siemens.com/bt/global/en/about-us/Pages/about-us.aspx?tabcardname=History# |title=History Siemens Building Technologies |publisher=Buildingtechnologies.siemens.com |date=1998-10-01 |accessdate=2012-12-17}}</ref>
In the 1920s, Landis & Gyr opened offices in [[New York City]] and Australia and took over competitors to form a global technology group.<ref name=HDS/><ref name=BT>{{cite web|url=http://www.buildingtechnologies.siemens.com/bt/global/en/about-us/Pages/about-us.aspx?tabcardname=History# |title=History Siemens Building Technologies |publisher=Buildingtechnologies.siemens.com |date=1998-10-01 |accessdate=2012-12-17}}</ref> From the 1930s, the company diversified with [[telemetry]] and remote control products.<ref name=HDS/> After leadership struggles in the 1950s, a new management reorganized the financing and accounting and converted Landis & Gyr into a [[holding company]].<ref name=HDS/> The range was expanded to include service machines, air conditioning and ventilation products.<ref name=HDS/> Landis & Gyr increased its personnel, with 14,000 employees around 1970 (5,200 of them in Zug).<ref name=HDS/>

From the mid-1970s and especially after 1984, the group was frequently [[restructured]].<ref name=HDS/> In 1987, Landis & Gyr was acquired by [[Stephan Schmidheiny]], who sold it to Elektrowatt in 1995.<ref name=HDS/> It is today a part of Siemens Building Technologies. The company was also known for producing optical [[phone cards]] until 2006. Landis+Gyr phone cards were used in many countries such as [[Israel]], [[Belgium]], Switzerland and more.<ref name=BT/>


===Ownership and acquisitions===
===Ownership and acquisitions===
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* Late 1990s – In the late 1990s, Landis+Gyr went through a series of different investors and owners, amongst them Elektrowatt, [[Kohlberg Kravis Roberts|KKR]] and [[Siemens]].
* Late 1990s – In the late 1990s, Landis+Gyr went through a series of different investors and owners, amongst them Elektrowatt, [[Kohlberg Kravis Roberts|KKR]] and [[Siemens]].
* 2004 – Landis+Gyr was acquired by then Australia-based Bayard Capital for an undisclosed amount. Bayard Capital had already acquired the British metering company Ampy Automation-Digilog. As Bayard Capital continued to add other acquisitions to the group, 2008 saw the Landis+Gyr name being extended to the whole group in May 2008. An organizational realignment took place under Bayard Capital's ownership. The company moved to a regional structure, assigning regional corporate structures for North America; South America; UK/Pre-Payment; Europe; and Asia Pacific.
* 2004 – Landis+Gyr was acquired by then Australia-based Bayard Capital for an undisclosed amount. Bayard Capital had already acquired the British metering company Ampy Automation-Digilog. As Bayard Capital continued to add other acquisitions to the group, 2008 saw the Landis+Gyr name being extended to the whole group in May 2008. An organizational realignment took place under Bayard Capital's ownership. The company moved to a regional structure, assigning regional corporate structures for North America; South America; UK/Pre-Payment; Europe; and Asia Pacific.
* 2006 – Landis+Gyr acquired Finnish Enermet Group, and also Hunt Technologies and Cellnet Technologies, both of which are from the [[United States|United States of America]].
* 2006 – Landis+Gyr acquired Finnish Enermet Group, and also Hunt Technologies and Cellnet Technologies, both of which are from the [[United States]].
* 2011 – Landis+Gyr was acquired by [[Toshiba|Toshiba Corporation]] of [[Japan]] for USD$2.3 billion.
* 2011 – Landis+Gyr was acquired by [[Toshiba|Toshiba Corporation]] of [[Japan]] for US$2.3 billion.
* 2017 – On July 21, 2017, Landis+Gyr has listed its shares (ticker symbol: LAND) on the [[SIX Swiss Exchange]].
* 2017 – On July 21, 2017, Landis+Gyr listed its shares (ticker symbol: LAND) on the [[SIX Swiss Exchange]].


==Utilities==
==Utilities==
Various [[Public utility|utilities]] have worked with Landis+Gyr in meeting their consumers' demand for energy management tools by rolling out smart meters. Below are some of the utilities that have worked with Landis+Gyr in deploying smart metering technology to energy consumers.
Various [[Public utility|utilities]] have worked with Landis+Gyr in meeting their consumers' demand for energy management tools by rolling out smart meters. Below are some of the utilities that have worked with Landis+Gyr in deploying smart metering technology to energy consumers.


[[File:Landis+Gyr E450 G3 1-Phase Smart Electricity Meter.jpg|thumb|Landis+Gyr E450 G3 1-Phase Smart Electricity Meter]]
[[File:Landis+Gyr S650 SCADA Smart Grid Terminal.jpg|thumb|Landis+Gyr S650 SCADA Smart Grid Terminal]]
* Europe, Middle East & Africa: [[British Gas]]; [[Iberdrola]]; [[Électricité de France|Électricité Réseau Distribution France]] (ERDF); [[E.ON]]; Järvi-Suomen Energia Oy; [[Vattenfall]]; [[Eskom]]; [[RWE]].
* Europe, Middle East & Africa: [[British Gas]]; [[Iberdrola]]; [[Électricité de France|Électricité Réseau Distribution France]] (ERDF); [[E.ON]]; Järvi-Suomen Energia Oy; [[Vattenfall]]; [[Eskom]]; [[RWE]].
* Asia Pacific: [[Energex]]; [[Ergon Energy]]; [[Ausgrid]]; [[Essential Energy]]; Western Power; [[Electricity Trust of South Australia|ESTA]]; [[Genesis Energy Limited]]; [[Meralco]]; [[CLP Group|China Light & Power]]; [[Singapore Power]].
* Asia Pacific: [[Energex]]; [[Ergon Energy]]; [[Ausgrid]]; [[Essential Energy]]; Western Power; [[Electricity Trust of South Australia|ESTA]]; [[Genesis Energy Limited]]; [[Meralco]]; [[CLP Group|China Light & Power]]; [[Singapore Power]].
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==Criticism==
==Criticism==
⚫
* In 2016, Phil Mocek of ''[[MuckRock]]'' started investigating a project in which Landis+Gyr was involved.<ref>{{cite web|url=https://www.muckrock.com/foi/seattle-69/smart-meter-security-audit-plans-schedules-proposals-contracts-discussion-results-seattle-10378/#comms|title=Public Records Request: Smart meter security audit plans schedules proposals contracts discussion results (Seattle)|date=12 April 2016 |accessdate=2016-05-26}}</ref> After Mocek received the requested information, Landis+Gyr followed up by filing a lawsuit demanding the documentation not be made public.<ref>{{cite web|url=https://www.muckrock.com/news/archives/2016/may/25/multinational-demanding-know-who-reads-muckrock-an/|title=A multinational demands to know who reads MuckRock|date=25 May 2016 |accessdate=2016-05-26}}</ref>
[[Smart metering]] is opposed by some{{Who|date=July 2018}}, and as a developer of such meters, Landis+Gyr is met with criticism.
⚫
* In 2016, Phil Mocek of MuckRock started investigating <ref>{{cite web|url=https://www.muckrock.com/foi/seattle-69/smart-meter-security-audit-plans-schedules-proposals-contracts-discussion-results-seattle-10378/#comms|title=Public Records Request: Smart meter security audit plans schedules proposals contracts discussion results (Seattle)|accessdate=2016-05-26}}</ref> a project in which Landis+Gyr was involved. After Mocek received the requested information, Landis+Gyr followed up by filing a lawsuit <ref>{{cite web|url=https://www.muckrock.com/news/archives/2016/may/25/multinational-demanding-know-who-reads-muckrock-an/|title=A multinational demands to know who reads MuckRock|accessdate=2016-05-26}}</ref> demanding the documentation not be made public.


==References==
==References==
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{{Authority control}}
{{Authority control}}


[[Category:Swiss companies established in 1896]]
[[Category:Manufacturing companies established in 1896]]
[[Category:Manufacturing companies established in 1896]]
[[Category:Electronics companies established in 1896]]
[[Category:Manufacturing companies of Switzerland]]
[[Category:Manufacturing companies of Switzerland]]
[[Category:Canton of Zug]]
[[Category:Electronics companies of Switzerland]]
[[Category:Companies based in the canton of Zug]]
[[Category:Toshiba]]
[[Category:Toshiba]]
[[Category:Meter manufacturers]]
[[Category:Meter manufacturers]]
[[Category:1976 mergers and acquisitions]]
[[Category:1987 mergers and acquisitions]]
[[Category:2004 mergers and acquisitions]]
[[Category:2006 mergers and acquisitions]]
[[Category:2011 mergers and acquisitions]]
[[Category:2017 initial public offerings]]
[[Category:Companies listed on the SIX Swiss Exchange]]
[[Category:Kohlberg Kravis Roberts companies]]

Latest revision as of 18:35, 23 August 2024

Landis+Gyr AG
Company typePublicly traded limited company
SIX: LAND
IndustryElectronics
Founded1896; 128 years ago (1896) in Zug, Switzerland
FounderRichard Theiler
Adelrich Gyr
Headquarters
Cham (ZG)
,
Switzerland
Area served
Worldwide
Key people
Andreas Umbach (Chairman)
Werner Lieberherr (CEO)
Products
RevenueUS $1.4 Billion
Number of employees
5,000
Websitewww.landisgyr.com

Landis+Gyr AG is a publicly listed, multinational corporation operating in over 30 countries and headquartered in Cham, Switzerland. Landis+Gyr makes meters and related software for electricity and gas utilities.

History

[edit]

Landis+Gyr was founded in 1896 as Theiler & Co. in Zug, in the canton of Zug, Switzerland, by technician Richard Theiler and entrepreneur Adelrich Gyr.[1] It began by manufacturing electricity meters that were developed by Theiler.[1] Heinrich Landis joined the business in 1903,[2] acquired it in 1904 and introduced Karl Heinrich Gyr as a partner in 1905, renaming it Landis & Gyr.[1] The company benefited from the rise of the electronics industry and expanded abroad over the following years.[1] By 1914, when it was made a joint-stock company, it was the largest employer in the canton of Zug, with over 800 employees.[1]

In the 1920s, Landis & Gyr opened offices in New York City and Australia and took over competitors to form a global technology group.[1][3] From the 1930s, the company diversified with telemetry and remote control products.[1] After leadership struggles in the 1950s, a new management reorganized the financing and accounting and converted Landis & Gyr into a holding company.[1] The range was expanded to include service machines, air conditioning and ventilation products.[1] Landis & Gyr increased its personnel, with 14,000 employees around 1970 (5,200 of them in Zug).[1]

From the mid-1970s and especially after 1984, the group was frequently restructured.[1] In 1987, Landis & Gyr was acquired by Stephan Schmidheiny, who sold it to Elektrowatt in 1995.[1] It is today a part of Siemens Building Technologies. The company was also known for producing optical phone cards until 2006. Landis+Gyr phone cards were used in many countries such as Israel, Belgium, Switzerland and more.[3]

Ownership and acquisitions

[edit]
  • 1976 – Landis+Gyr acquired Duncan Electric Company of Lafayette, Indiana.
  • 1987 – Landis+Gyr acquired MCC Powers of Chicago. MCC Powers had by then been a long established entity in the US building management market. Spurred by the liberalization and deregulation of global markets, Landis+Gyr re-oriented its business, adding electronic products.
  • Late 1990s – In the late 1990s, Landis+Gyr went through a series of different investors and owners, amongst them Elektrowatt, KKR and Siemens.
  • 2004 – Landis+Gyr was acquired by then Australia-based Bayard Capital for an undisclosed amount. Bayard Capital had already acquired the British metering company Ampy Automation-Digilog. As Bayard Capital continued to add other acquisitions to the group, 2008 saw the Landis+Gyr name being extended to the whole group in May 2008. An organizational realignment took place under Bayard Capital's ownership. The company moved to a regional structure, assigning regional corporate structures for North America; South America; UK/Pre-Payment; Europe; and Asia Pacific.
  • 2006 – Landis+Gyr acquired Finnish Enermet Group, and also Hunt Technologies and Cellnet Technologies, both of which are from the United States.
  • 2011 – Landis+Gyr was acquired by Toshiba Corporation of Japan for US$2.3 billion.
  • 2017 – On July 21, 2017, Landis+Gyr listed its shares (ticker symbol: LAND) on the SIX Swiss Exchange.

Utilities

[edit]

Various utilities have worked with Landis+Gyr in meeting their consumers' demand for energy management tools by rolling out smart meters. Below are some of the utilities that have worked with Landis+Gyr in deploying smart metering technology to energy consumers.

Criticism

[edit]
  • In 2016, Phil Mocek of MuckRock started investigating a project in which Landis+Gyr was involved.[4] After Mocek received the requested information, Landis+Gyr followed up by filing a lawsuit demanding the documentation not be made public.[5]

References

[edit]
  1. ^ a b c d e f g h i j k l Renato Morosoli: Landis & Gyr in German, French and Italian in the online Historical Dictionary of Switzerland, 7 December 2019.
  2. ^ Renato Morosoli: Heinrich Landis in German, French and Italian in the online Historical Dictionary of Switzerland, 11 November 2008.
  3. ^ a b "History Siemens Building Technologies". Buildingtechnologies.siemens.com. 1998-10-01. Retrieved 2012-12-17.
  4. ^ "Public Records Request: Smart meter security audit plans schedules proposals contracts discussion results (Seattle)". 12 April 2016. Retrieved 2016-05-26.
  5. ^ "A multinational demands to know who reads MuckRock". 25 May 2016. Retrieved 2016-05-26.
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