Landis+Gyr EMEA Spins Off, AURELIUS Forges New Utility Tech Giant

CHAM, SWITZERLAND – April 09, 2026 – A significant shift has occurred in the European utility technology sector as Landis+Gyr EMEA officially begins operations as a standalone company, following the completion of its acquisition by private equity firm AURELIUS. The move, which separates the Europe, Middle East, and Africa division from its former parent, the Landis+Gyr Group, creates a newly independent entity poised to sharpen its focus on the region's evolving energy and resource management needs.

The transaction, first announced in September 2025 and valued at an enterprise value of US$215 million, transfers the entirety of the EMEA business—including its portfolio of advanced metering, network intelligence, and digital solutions—to AURELIUS. The new ownership structure is expected to provide both strategic support and a mandate for greater operational agility as the company navigates the complex demands of the energy transition.

A Strategic Pivot and a New Beginning

For the global Landis+Gyr Group, the divestiture represents a calculated strategic transformation. The parent company has explicitly stated its intention to sharpen its focus on the Americas and Asia Pacific markets, where it sees accelerating demand for higher-value software, grid-edge intelligence, and service-based solutions. The sale of its EMEA arm, which generated over US$600 million in revenue in fiscal year 2024, frees up capital and management resources to pursue these priorities. Landis+Gyr Group has already initiated a share buyback program with the proceeds, aiming to deliver value back to its shareholders.

For the newly independent EMEA entity, however, this is a moment of rebirth, not an ending. The company will continue to operate with its existing management team, led by CEO Robert Evans, and will retain its substantial regional footprint, which includes over 2,800 employees across 19 countries and five production sites. This emphasis on continuity is designed to reassure a vast customer base of electricity, gas, water, and thermal utilities that rely on its technology for critical infrastructure management.

"The completion of the transaction marks an important milestone for our company," said Robert Evans in a statement. "Our new standalone position, supported by AURELIUS, offers a unique opportunity to further unleash the potential of this great business. We are proud of our history, our heritage and expertise developed as part of Landis+Gyr and we continue to serve our customers with greater focus and trusted reliability."

The AURELIUS Playbook: Consolidation in Utility Tech

The acquisition is a hallmark of AURELIUS's investment strategy, which centers on complex corporate carve-outs and a hands-on approach to operational improvement. The private equity firm is known for acquiring non-core divisions of large corporations and transforming them into agile, future-ready standalone businesses. AURELIUS brings more than just capital; its dedicated operations advisory team, AURELIUS WaterRise, comprises over 180 specialists tasked with enhancing the operating performance of its portfolio companies.

This deal is not an isolated event but rather the latest move in a deliberate and aggressive strategy by AURELIUS to build a dominant platform in the European metering and utility technology space. In a clear signal of its ambitions, AURELIUS also recently acquired Xylem Inc.'s Sensus International water and heat metering business outside of North America in October 2025. This was followed by the acquisition of the Renewable Power Systems business from Woodward, Inc.

By acquiring both Landis+Gyr EMEA and the Sensus assets, AURELIUS has rapidly assembled a powerful portfolio with a comprehensive range of metering technologies across electricity, gas, and water. This consolidation gives the firm significant scale and a diverse product offering, positioning it to compete fiercely in a market undergoing rapid technological change. The strategy appears to be one of acquiring established, technically proficient businesses and providing the focus and investment needed to unlock their full competitive potential.

Reshaping the Competitive Landscape

The emergence of a newly independent, AURELIUS-backed Landis+Gyr EMEA is set to send ripples across the competitive landscape. While previously part of a global conglomerate with dispersed priorities, the company can now dedicate its entire focus and resources to the specific needs and regulatory environments of the EMEA region. This newfound agility could enable it to respond faster to market trends and customer demands.

The EMEA market for smart grid technology is robust and crowded, with established players like Itron, Siemens, Honeywell Elster, and Sagemcom all vying for market share. The sector is being driven by powerful macro trends, including the urgent need for grid modernization to support renewable energy integration, enhanced energy efficiency mandates, and the digitalization of utility operations. Utilities are increasingly seeking sophisticated solutions for advanced metering infrastructure (AMI), demand response, and data analytics to manage their networks more effectively.

Under AURELIUS's ownership, the company is expected to leverage its decades of experience and strong customer relationships to compete more aggressively. The private equity backing could translate into accelerated investment in research and development, particularly in high-growth areas like network intelligence and software-as-a-service platforms that help utilities make sense of the vast amounts of data generated by smart meters. The combination of its existing technical expertise and AURELIUS's operational improvement strategies could create a more formidable and efficient competitor.

Future Focus: Agility, Innovation, and a New Identity

Looking ahead, the primary theme for the company is transformation. The promise of "greater operational focus" under AURELIUS suggests that internal processes will be streamlined to enhance efficiency and customer service. As a standalone entity, decision-making is likely to become faster and more localized, allowing the business to capitalize on regional opportunities without the constraints of a larger corporate structure.

This new chapter will also be marked by a distinct change in identity. The company has announced that it will introduce a new name and brand in the coming months, a crucial step in signaling its evolution from a divisional unit to an independent market leader. This rebranding will be a key moment to define its new mission and values to customers, employees, and the wider industry.

While building on its long heritage as part of Landis+Gyr, the organization is now charting its own course. The immediate focus will be on ensuring a seamless transition for its customers and employees while laying the groundwork for future growth. With the backing of an operationally-focused owner and a clear mandate to innovate, the company is positioned to play a pivotal role in shaping the future of energy and resource management across Europe, the Middle East, and Africa.