19 May '11, 12pm

Toshiba Overtakes GE, Siemens in Potential Smart Grid Acquisition

Toshiba Overtakes GE, Siemens in Potential Smart Grid Acquisition

has reportedly emerged as the top contender in the bidding war over Swiss smart meter maker Landis & Gyr, leapfrogging several engineering giants, including General Electric, Honeywell and Siemens. The $2 billion-plus deal would strengthen Toshiba's smart community division , a business it views as a growth area, the New York Times reported . The company has several large-scale smart grid projects underway in Japan and New Mexico. Media reports over the past week have named Siemens, ABB, General Electric, TPG Capital and EQT as potential suitors for Landis & Gyr, with Toshiba eventually ending up as the sole potential buyer. With its 5,000 employees, Landis & Gyr is regarded as one of the world's top smart meter manufacturers and service providers. The move would bolster Toshiba's standing in the space we at GreenBiz.com call VERGE . This is where four technology sectors o...

Full article: http://www.greenbiz.com/news/2011/05/19/toshiba-overtakes...

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As Rumored, Toshiba Buys Landis & Gyr for $2.3B Cash: Landis+Gyr just announced that Toshiba, a leader in elec...

As Rumored, Toshiba Buys Landis & Gyr for $2.3B...

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