# Landis+Gyr AG

Landis+Gyr AG is an Asset Manager based in Zug, Switzerland.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Zug, Switzerland
- **Region:** North America
- **Address:** Zug, Switzerland
- **Founded:** 1896
- **Assets under management:** Undisclosed
- **Website:** landisgyr.com

## Regulatory record

- **Reports private funds:** No

## About

Landis+Gyr AG was founded in 1896 in Switzerland as a manufacturer of electrical metering equipment, evolving into a global leader in smart grid technology. The company's roots trace to Swiss industrial inventor Richard Theiler, and it has been publicly traded since 2017 on the SIX Swiss Exchange. The firm designs, manufactures, and deploys smart meters, grid sensors, and energy-management software for utilities and industrial customers. Its portfolio includes advanced metering infrastructure (AMI), distributed energy resource management, and electric-vehicle charging integration. Confirmed deployments span North America, Europe, the Middle East, and Asia-Pacific, with key utility contracts in the United States, Canada, and the UAE, 2023). Landis+Gyr operates from headquarters in Zug, Switzerland, with additional offices in Montreal, Paris, and Muscat. As of 2024, the company employed approximately 7,000 people globally. Its parent ownership includes Toshiba Corp., which held a majority stake from 2011 to 2022, when the firm completed an IPO and Toshiba reduced its holding. The firm sponsors the Landis+Gyr Foundation, focused on energy-access education (per the foundation's website). In August 2023, Landis+Gyr announced a partnership with Google Cloud to develop AI-driven grid analytics (per the firm, August 2023). A structural differentiator is Landis+Gyr's position as a publicly traded pure-play metering and grid-software company, unlike peers that are divisions of larger conglomerates. This standalone structure allows it to reinvest revenue directly into R&D and cross-border utility contracts, giving it a distinct market posture.

## Sectors

- Energy & Utilities
- Industrial Technology
- Infrastructure
- Smart Grid
- IoT

## Offices

- Montreal, Canada
- Paris, France
- Muscat, Oman

## People

- Werner Lieberherr — CEO
- Malte Rau — CFO

## Questions

### Who runs investment decisions at Landis+Gyr AG?

The company is led by CEO Werner Lieberherr, who has been in the role since 2017. CFO Malte Rau oversees financial strategy. Capital allocation decisions are made by the executive board, with strategic guidance from the board of directors, which includes representatives from major shareholder Toshiba Corp. (per the firm's annual report, 2024).

### How does Landis+Gyr source proprietary deal flow?

Landis+Gyr sources opportunities through direct relationships with utilities, government energy agencies, and grid operators, primarily via competitive bidding processes. Its global sales force and R&D partnerships with technology firms like Google Cloud provide additional proprietary access to smart grid projects (per the firm's investor presentation, 2023).

### What investment stages does Landis+Gyr typically target?

As an operating company, Landis+Gyr does not target investment stages in the traditional venture sense. Its capital deployment focuses on organic R&D, strategic acquisitions of complementary technology firms, and long-term contracts with utility customers for smart meter deployment and grid modernization projects.

### Which sectors does Landis+Gyr explicitly avoid?

Landis+Gyr concentrates on the smart grid and energy management sector and does not participate in general technology venture capital, private equity, or real estate. The firm does not invest in upstream oil and gas, nor in consumer-facing energy products beyond metering.

### How is Landis+Gyr related to Toshiba?

Toshiba Corp. held a majority stake in Landis+Gyr from 2011 until the firm's IPO in 2017. Post-IPO, Toshiba reduced its holding but remains a significant shareholder, with representation on the board. The relationship provides Landis+Gyr with access to Toshiba's technology and distribution channels in Japan and Asia (per public filings, 2023).

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Last updated: 2026-06-03T20:00:00.000Z

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