Landis+Gyr
A multinational provider of smart meters, grid-edge intelligence, and software for electricity, gas, and water utilities.
Last updated August 27, 2026
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Overview
Landis+Gyr Group AG is a Swiss energy-technology company focused on metering, utility software, and grid-management systems. Its principal customers are electricity, gas, and water utilities, which use the company’s equipment and digital platforms to measure consumption, communicate with distributed devices, manage demand, and improve the visibility and efficiency of their networks. The company’s portfolio spans electricity meters, gas and thermal meters, water-metering technologies, communications infrastructure, meter-data management, analytics, and broader smart-grid applications. The business traces its origins to 1896, when technician Richard Theiler and entrepreneur Adelrich Gyr established Theiler & Co. in Zug. The company initially manufactured electricity meters developed by Theiler. Heinrich Landis joined in 1903, acquired the business in 1904, and brought Karl Heinrich Gyr in as a partner in 1905. The enterprise was renamed Landis & Gyr and expanded as electrification created demand for reliable measurement equipment. By 1914 it had become a joint-stock company and was the largest employer in the canton of Zug, with more than 800 employees. During the twentieth century, Landis & Gyr developed from a Swiss meter manufacturer into an international technology group. It opened offices in New York and Australia during the 1920s, acquired competitors, and added telemetry and remote-control products from the 1930s onward. Later diversification included building-management equipment, air-conditioning and ventilation products, and service machines. The group employed approximately 14,000 people around 1970, including several thousand in Zug, before a prolonged period of restructuring and ownership changes. The company changed hands repeatedly from the 1980s through the 2000s. Stephan Schmidheiny acquired it in 1987, and Elektrowatt purchased it in 1995. In the late 1990s it was associated with owners and investors including Elektrowatt, KKR, and Siemens. Bayard Capital acquired the business in 2004 and combined it with additional metering assets, including Ampy Automation-Digilog, Enermet, Hunt Technologies, and Cellnet Technologies. The wider group adopted the Landis+Gyr name in 2008 and was organized into regional businesses. Toshiba acquired Landis+Gyr in 2011 for approximately US$2.3 billion, according to the cited reference material. Landis+Gyr returned to independent public-market ownership when its shares were listed on the SIX Swiss Exchange in July 2017 under the symbol LAND. Its customers and deployments have included major utilities in Europe, Africa, Australia, New Zealand, Southeast Asia, North America, and South America. The company has supplied technologies for large-scale smart-metering programs involving utilities such as British Gas, Iberdrola, Vattenfall, Energex, Ausgrid, Oncor, Pacific Gas and Electric, Hydro-Québec, and several Latin American operators. The company’s strategic emphasis is on utility digitization: connecting meters and other field devices, turning consumption data into operational information, supporting demand management, and helping utilities integrate distributed energy resources. Reference material states that Landis+Gyr completed the divestiture of its Europe, Middle East, and Africa business to AURELIUS in April 2026, for a reported US$215 million, with economic effect from March 31, 2026. Because that transaction is dated in the future relative to some publication contexts, its completed status should be independently verified. If confirmed, the transaction would leave Landis+Gyr more concentrated on the Americas and Asia-Pacific, with increased emphasis on software, services, and grid-edge intelligence.
History
Landis+Gyr began in 1896 in Zug, Switzerland, as Theiler & Co., founded by Richard Theiler and Adelrich Gyr. The company’s first business was the manufacture of electricity meters based on Theiler’s technical work. Heinrich Landis joined in 1903, acquired the enterprise the following year, and partnered with Karl Heinrich Gyr in 1905. The renamed Landis & Gyr benefited from the rapid spread of electric power and developed an increasingly international presence. By 1914 the company had been converted into a joint-stock company and had become the largest employer in the canton of Zug, with a workforce exceeding 800. Expansion accelerated during the 1920s, when the business established offices in New York and Australia and acquired competing companies. From the 1930s onward, it broadened its engineering portfolio with telemetry and remote-control products. Postwar management changes led to financial and organizational reorganization, including conversion into a holding-company structure. The group also diversified into service machines, building controls, air conditioning, and ventilation technology. Around 1970 it employed about 14,000 people worldwide. From the mid-1970s, and particularly after 1984, Landis & Gyr underwent repeated restructuring. It acquired Duncan Electric in 1976 and MCC Powers in 1987, expanding its North American metering and building-automation activities. Stephan Schmidheiny acquired the group in 1987, after which Elektrowatt purchased it in 1995. During the late 1990s the company passed through further ownership and investment arrangements involving Elektrowatt, KKR, and Siemens. The historic business also produced optical telephone cards, an activity that continued in some markets until 2006. Bayard Capital acquired Landis+Gyr in 2004 and subsequently assembled a broader metering group. Enermet of Finland, Hunt Technologies, and Cellnet Technologies were among the businesses acquired in 2006. In 2008 the Landis+Gyr name was extended across the combined group, which was reorganized into regional structures covering North America, South America, the United Kingdom and prepayment, Europe, and Asia-Pacific. Toshiba acquired Landis+Gyr in 2011 for a reported US$2.3 billion. Under Toshiba ownership, the company continued developing advanced metering infrastructure and software for utilities. Landis+Gyr became publicly listed on the SIX Swiss Exchange on July 21, 2017, with the ticker LAND. The modern company concentrates on smart meters and the software and communications systems that connect utility customers with network operators. Its technologies have been deployed by utilities across Europe, Africa, Australia, New Zealand, Asia, North America, and Latin America. Applications include automated meter reading, two-way smart-meter communications, consumption data management, demand response, network monitoring, and grid-edge analysis. Reference material reports a further strategic change in 2026: the divestiture of the EMEA business to AURELIUS for US$215 million. The reported transaction included the region’s electricity, gas, thermal, and water-metering operations, related software and services, five manufacturing sites, and about 2,800 employees. Landis+Gyr reportedly planned to focus more narrowly on the Americas and Asia-Pacific, especially on software, services, and grid-edge intelligence. This 2026 information should be checked against current corporate and regulatory disclosures before being treated as fully confirmed.
- 2017
SIX Swiss Exchange listing
[1]Landis+Gyr lists its shares on the SIX Swiss Exchange under ticker LAND.
- 2011
Toshiba acquisition
[1]Toshiba acquires Landis+Gyr in a transaction reported at approximately US$2.3 billion.
- 2008
Group adopts the Landis+Gyr identity
[1]The Landis+Gyr name is extended across the wider Bayard Capital metering group, accompanied by regional restructuring.
- 2006
Further metering acquisitions
[1]Landis+Gyr acquires Enermet, Hunt Technologies, and Cellnet Technologies.
- 2004
Bayard Capital acquisition
[1]Australia-based Bayard Capital acquires Landis+Gyr and begins building a larger international metering group.
- 1987
Ownership and North American expansion
[1]Stephan Schmidheiny acquires Landis & Gyr, while the group also acquires MCC Powers of Chicago.
- 1976
Duncan Electric is acquired
[1]Landis & Gyr acquires Duncan Electric Company in Indiana, strengthening its North American metering activities.
- 1914
Conversion into a joint-stock company
[1]The business becomes a joint-stock company and is reported to be the largest employer in the canton of Zug.
- 1905
The Landis & Gyr name emerges
[1]Heinrich Landis and Karl Heinrich Gyr become associated with the business, which adopts the Landis & Gyr name.
- 1896
Theiler & Co. is founded
[1]Richard Theiler and Adelrich Gyr establish the Zug-based company that begins manufacturing electricity meters.
Products and positioning
A technically oriented, utility-focused provider of connected metering, grid intelligence, and energy-management infrastructure.
Smart metering hardware
Electricity smart meters
Landis+Gyr supplies electricity meters for residential, commercial, and utility applications. Its smart-meter systems can record consumption at defined intervals and communicate information to utility systems, supporting automated reading, billing, outage visibility, tariff management, and customer energy-management services. Product configurations vary by market and regulatory environment.
Multi-utility metering
Gas, thermal, and water metering
The company’s portfolio has included metering technologies for gas, heat, and water utilities in addition to electricity. These systems are intended to improve the regularity and accuracy of data collection and can be combined with communications, software, and service capabilities. The scope of regional offerings may change following the reported EMEA divestiture.
Smart-grid platform
Gridstream
Gridstream is a Landis+Gyr platform family for connecting metering devices and utility operations. It is associated with advanced metering infrastructure, communications, meter-data workflows, and grid-management functions. The platform is designed to give utilities a structured view of distributed devices and customer consumption while supporting operational and demand-management programs.
Smart electricity meters
Revelo
Revelo is a Landis+Gyr smart-meter family positioned around advanced measurement and grid-edge visibility. Such devices are intended to provide utilities with more detailed and timely information than traditional one-way meters, helping support distributed-energy integration, customer programs, network monitoring, and improved operational decision-making.
Utility software
Meter-data management and analytics
Landis+Gyr provides software and analytical capabilities that help utilities collect, validate, store, and use data generated by meters and connected grid devices. These functions can support billing processes, demand-response programs, consumption analysis, exception handling, network planning, and customer-facing energy services.
Controversies
2016
Litigation over requested project records
After investigator Phil Mocek of MuckRock obtained records relating to a project involving Landis+Gyr, the company filed a lawsuit seeking to restrict public disclosure of the documentation. The episode attracted criticism concerning transparency and access to records.
Brand decisions
2026
Reported divestiture of the EMEA businessM&ABackground
Reference material describes a strategic effort to concentrate Landis+Gyr on selected regions and on higher-value software, services, and grid-edge capabilities.
Action taken
Landis+Gyr reportedly transferred its EMEA metering business to AURELIUS, including related software and services, five production sites, and approximately 2,800 employees.
Aftermath
The reported post-transaction strategy emphasizes the Americas and Asia-Pacific. The closing date and scope should be verified against current company and regulatory disclosures.
Reported transaction value. US$215 million (Transaction reportedly closed in April 2026, with economic effect from March 31, 2026)
2017
Public listing on SIX Swiss ExchangeOtherBackground
After Toshiba ownership, Landis+Gyr pursued a public-market listing.
Action taken
The company listed its shares on the SIX Swiss Exchange under the symbol LAND.
Aftermath
Landis+Gyr became a publicly traded company, allowing its shares to be traded independently on the Swiss market.
2008
Adoption of a unified Landis+Gyr group identityStrategyBackground
Bayard Capital had assembled several metering businesses under common ownership and reorganized them into regional operations.
Action taken
The Landis+Gyr name was extended across the wider group, with regional structures for North America, South America, the United Kingdom and prepayment, Europe, and Asia-Pacific.
Aftermath
The change created a more unified international brand and operating structure for the combined metering businesses.
Recent events
Reported
Tantalus TRUEdge module receives Measurement Canada certification[3]
Tantalus Systems announced that its TRUEdge Intelligent Endpoint Module, integrated with the Landis+Gyr FOCUS AXe residential meter, received Measurement Canada certification.
Reported
Landis+Gyr appoints Werner Lieberherr as CEO[4]
Landis+Gyr's board appointed Werner Lieberherr as chief executive officer, succeeding Richard Mora effective April 1, 2020.
Sources4 sources
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