12 Jan '12, 1pm

Landis+Gyr Beefs Up Smart Grid Capacity with Ecologic Purchase

Landis+Gyr Beefs Up Smart Grid Capacity with Ecologic Purchase

Smart meter specialist Landis+Gyr has completed its first acquisition since it was purchased by technology giant Toshiba , shelling out an undisclosed sum for US-based meter data management software firm Ecologic Analytics. Landis+Gyr has held a stake in the Minnesota-based firm since 2007 and the two companies have worked closely since then on integrating Ecologic's software with the Swiss company's smart meter devices. The deal, which emulates engineering giant Siemens' acquisition last month of smart meter software provider eMeter, gives Landis+Gyr ownership of 100 percent of Ecologic's stock and paves the way for still tighter integration between the two companies' technologies. "The strategic rationale for acquiring the remaining ownership of Ecologic Analytics is predicated on ensuring that Landis+Gyr has the capability to offer global utilities the software and mete...

Full article: http://www.greenbiz.com/news/2012/01/12/landisgyr-beefs-s...

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