Landis+Gyr at Any Price? Smart Meters' Second Act

Landis+Gyr is said to be on the auction block — and big smart grid suitors have come to bid. Reuters has reported that General Electric was offering $2 billion for the Swiss-based smart metering giant, an offer that was followed by Toshiba's 200 billion yen ($2.48 billion) counter-offer, and entry by strategic bidders including Honeywell and ABB. And while some reports say GE had withdrawn its bid, I've heard that GE is very much still in the running. Landis+Gyr earned about $200 million on about $1.5 billion in annual revenues in the last year, Reuters' anonymous sources report. That puts a $2 billion-plus price firmly in the realm of long-term investment. But strategic buyers could squeeze a lot more value out of L+G by integrating its existing technologies and utility projects into their own lines of business. For example, GE's smart meter business relies on a host of partners for communications and networking, while L+G has its own 900-megahertz communications system, as well as back-end software to manage it all. With L+G, GE could stop just churning out smart meters like widgets, and start supplying a more holistic offering to utilities.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

TRA SNOW AND SUN - SOLAR TILE MOUNT

TRA SNOW AND SUN - SOLAR TILE MOUNT

You haven't installed a tile mount that is easier to install than the Solar Tile Mount manufactured by TRA Snow and Sun. Solar Tile Mount is used on all tile roof profiles: flat, mid, and high. It is made in the USA of aluminum alloy for strength and excellent corrosion resistance. Solar Tile Mount is built to allow more ease in installation with more rise from the tile surface to the rail for better air flow below panels. The adjustable base is longer than most allowing attachment 6" to the left or right to have the bracket in the base of the pan of the tile and still fasten to the rafter. Solar Tile Mount is adjustable for counter batten systems from ¾" to 3". The horizontal rail is directly above base fasteners giving greater uplift resistance than any other system. For superior waterproofing apply TRA Snow and Sun's butyl backed VersaFlash aluminum flashing. No tile flashing is needed on top of the tile for greater labor and material cost savings.