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Landis+Gyr

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Landis+Gyr AG
Company typePublicly traded limited company
SIX: LAND
IndustryElectronics
FoundedZug, Switzerland (1896; 128 years ago (1896))
FounderRichard Theiler
Headquarters
Zug
,
Switzerland
Number of locations
72 sites in 31 countries (of which 18 are manufacturing locations)
Area served
Worldwide
Key people
Andreas Umbach (Chairman) Werner Lieberherr (CEO)
Products
ServicesMetering
RevenueUS $1.66 Billion
Number of employees
5,700
Websitewww.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.

History

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.[1]

Ownership and acquisitions

  • 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 of America.
  • 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

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.

File:Landis+Gyr E450 G3 1-Phase Smart Electricity Meter.jpg
Landis+Gyr E450 G3 1-Phase Smart Electricity Meter
File:Landis+Gyr S650 SCADA Smart Grid Terminal.jpg
Landis+Gyr S650 SCADA Smart Grid Terminal

Criticism

Smart metering is opposed by some[who?], and as a developer of such meters, Landis+Gyr is met with criticism.

  • In 2016, Phil Mocek of MuckRock started investigating [2] a project in which Landis+Gyr was involved. After Mocek received the requested information, Landis+Gyr followed up by filing a lawsuit [3] demanding the documentation not be made public.

References

  1. ^ "History Siemens Building Technologies". Buildingtechnologies.siemens.com. 1998-10-01. Retrieved 2012-12-17.
  2. ^ "Public Records Request: Smart meter security audit plans schedules proposals contracts discussion results (Seattle)". Retrieved 2016-05-26.
  3. ^ "A multinational demands to know who reads MuckRock". Retrieved 2016-05-26.
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