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. It began by manufacturing
electricity meters that were developed by Theiler. acquired it in 1904 and introduced Karl Heinrich Gyr as a partner in 1905, renaming it
Landis & Gyr. From the 1930s, the company diversified with
telemetry and remote control products., closed with economic effect as of 31 March 2026 following regulatory approvals. As part of the transaction, AURELIUS acquired Landis+Gyr’s full EMEA metering portfolio across electricity, gas, thermal and water, including associated software and services, five production sites and approximately 2,800 employees. Following the divestiture, Landis+Gyr stated that it would sharpen its strategic focus on the Americas and Asia‑Pacific regions, particularly in higher‑value software, services and grid‑edge intelligence solutions.
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. • 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. • 2026 - On March 31, 2026, Landis+Gyr divested its EMEA business to AURELIUS for US$215 million. ==Utilities==