Landis+Gyr
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| Subsidiary | |
| Industry | Electronics |
| Founded | Zug, Switzerland (1896) |
| Founder | Richard Theiler |
| Headquarters | Zug, Switzerland |
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Number of locations
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72 sites in 31 countries (of which 18 are manufacturing locations) |
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Area served
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Worldwide |
| Products |
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| Services | Metering |
| Revenue | US $1.59 Billion |
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Number of employees
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5,700 |
| Parent | Toshiba |
| Website | www |
Landis+Gyr, is a multinational corporation with 45 companies in over 30 countries and headquartered in Zug, Switzerland focused on metering and other technologies which deal with management of energy.
In 2011 Landis+Gyr was purchased by Toshiba Corporation of Japan for USD$2.3 Billion.
Landis+Gyr was originally known as Electrotechnisches Institut Theiler and Company, established in 1896. In 1905, it was renamed in Landis & Gyr, after Heinrich Landis and Karl Heinrich Gyr, who followed the Founder Richard Theiler as managers. Landis+Gyr has been designing and manufacturing a range of metering products, systems and services for electricity, heat and gas to energy utilities around the world. In 1924, Landis+Gyr experienced global expansion by opening its first overseas offices in New York and Australia. Besides metering products, with the foundation 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. Phone cards of Landys+Gyr were used in many countries such as Israel, Belgium, Switzerland and more.
2011 - Landis+Gyr was acquired by Toshiba Corporation of Japan for USD$2.3 Billion.
2006 - Landis+Gyr acquired Finnish Enermet Group together with Hunt Technologies and Cellnet Technologies both of whom are from the United States of America.
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.
A notable organizational realignment took place under Bayard Capital’s ownership. The company moved to a regional structure by aligning all activities in the regions, namely, North America; South America; UK/Pre-Payment; Europe; and Asia Pacific.
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Wikipedia