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| Company type | Publicly traded limited company |
|---|---|
| SIX: LAND | |
| Industry | Electronics |
| Founded | 1896; 129 years ago (1896) inZug, Switzerland |
| Founder | Richard Theiler Adelrich Gyr |
| Headquarters | , Switzerland |
Area served | Worldwide |
Key people | Andreas Umbach (Chairman) Peter Mainz (CEO) |
| Products | |
| Revenue | US $1.4 Billion |
Number of employees | 6,900 |
| Website | www |
Landis+Gyr AG is a publicly listed,multinational corporation operating in over 30 countries and headquartered inCham, Switzerland. Landis+Gyr makes meters and related software for electricity, gas and water utilities.
Landis+Gyr was founded in 1896 asTheiler & Co. inZug, in thecanton of Zug,Switzerland, by technician Richard Theiler and entrepreneur Adelrich Gyr.[1] It began by manufacturingelectricity meters that were developed by Theiler.[1] Heinrich Landis joined the business in 1903,[2] acquired it in 1904 and introduced Karl Heinrich Gyr as a partner in 1905, renaming itLandis & Gyr.[1] The company benefited from the rise of the electronics industry and expanded abroad over the following years.[1] By 1914, when it was made ajoint-stock company, it was the largest employer in the canton of Zug, with over 800 employees.[1]
In the 1920s, Landis & Gyr opened offices inNew York City and Australia and took over competitors to form a global technology group.[1][3] From the 1930s, the company diversified withtelemetry and remote control products.[1] After leadership struggles in the 1950s, a new management reorganized the financing and accounting and converted Landis & Gyr into aholding company.[1] The range was expanded to include service machines, air conditioning and ventilation products.[1] Landis & Gyr increased its personnel, with 14,000 employees around 1970 (5,200 of them in Zug).[1]
From the mid-1970s and especially after 1984, the group was frequentlyrestructured.[1] In 1987, Landis & Gyr was acquired byStephan Schmidheiny, who sold it to Elektrowatt in 1995.[1] It is today a part of Siemens Building Technologies. The company was also known for producing opticalphone cards until 2006. Landis+Gyr phone cards were used in many countries such asIsrael,Belgium, Switzerland and more.[3]
Variousutilities have worked with Landis+Gyr in meeting their consumers' demand for energy management tools by rolling out smart meters. Below are some of the utilities that have worked with Landis+Gyr in deploying smart metering technology to energy consumers.
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