11 May '11, 12pm

Honeywell, GE, Toshiba Vie to Acquire Smart Grid Firm Landis+Gyr

Honeywell, GE, Toshiba Vie to Acquire Smart Grid Firm Landis+Gyr

LONDON, United Kingdom — The attractiveness of the global smart meter sector has again been underlined this week, as reports emerged detailing how several of the world's largest engineering firms are vying to acquire leading smart meter manufacturer Landis+Gyr . The Swiss firm, which employs more than 5,000 people and has established itself as one of the world's largest developers of smart meter technologies, reportedly hired Credit Suisse and Lazard to advise on a potential sale earlier this year. The move prompted immediate interest from a host of private equity and engineering firms that has reportedly resulted in a private auction for the company. Reuters reported late last month that General Electric was in the running to acquire the firm, as speculation mounted that the auction could result in a deal worth up to $2 billion. Citing anonymous sources familiar with the ...

Full article: http://www.greenbiz.com/news/2011/05/11/honeywell-ge-tosh...

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