Landis & Gyr
Encyclopedia
Landis+Gyr, until early 2008 The Bayard Group, is a company focused on metering and other technologies which deal with management of scarce resources. Founded by Cameron O'Reilly
, who is currently CEO, it has a revenue in excess of 1.25 billion USD per annum. The name was previously that of a Swiss company formed in 1896, absorbed by the Bayard Group, the world's largest electricity metering supplier. The combined company has its headquarters in Zug
, Switzerland, rather than Bayard's old Australian base, and as of July 18 2008, is opening a New York office, where the CEO will be based.
and the government of Singapore
; he sold shares in early 2004 to invest in Bayard, which spent over US$200 million on acquisitions in its first year, finishing that year with 3500 employees in 27 countries and annual sales of over US$600 million.
O'Reilly developed Bayard with a focus on investments that leveraged growing shortages of energy and water, including metering technology, and by 2008, the Bayard group of companies employed over 5000 people across 30 countries, with a turnover of in excess of US$1.2 billion and EBITDA earnings in excess of US$200 million.
The CEO is Cameron O'Reilly, the President and COO Andreas Umbach, previously CEO of the original Landis+Gyr, and the CFO Andreas Spreiter, who held a similar role in the original Landis+Gyr.
The company was acquired by Toshiba
for US$ 2.3 billion.
In 2006, Landis+Gyr merged with Enermet, a Finnish firm in the same area of technology, creating an enlarged company employing about 4500 people in 45 subsidiaries in 30 countries, with a total turnover of 692 million Euro in 2006.
as a consultant after he had claimed to have helped them to amend the law in the UK.
Cameron O'Reilly
Anthony Cameron O'Reilly, generally known as Cameron O'Reilly, is a Dublin-born businessman with Irish and Australian citizenship, the son of Irish media magnate Tony O'Reilly and Australian Susan Cameron...
, who is currently CEO, it has a revenue in excess of 1.25 billion USD per annum. The name was previously that of a Swiss company formed in 1896, absorbed by the Bayard Group, the world's largest electricity metering supplier. The combined company has its headquarters in Zug
Zug
Zug , is a German-speaking city in Switzerland. The name ‘Zug’ originates from fishing vocabulary; in the Middle Ages it referred to the right to ‘pull up’ fishing nets and hence to the right to fish.The city of Zug is located in the Canton of Zug and is its capital...
, Switzerland, rather than Bayard's old Australian base, and as of July 18 2008, is opening a New York office, where the CEO will be based.
History
In May 2003, Cameron O'Reilly launched investment house Bayard Capital, with 100 million Australian dollars from various shareholders, including John FairfaxJohn Fairfax
John Fairfax , English-born journalist, is notable for the incorporation of the major newspapers of modern day Australia.-Early life:...
and the government of Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
; he sold shares in early 2004 to invest in Bayard, which spent over US$200 million on acquisitions in its first year, finishing that year with 3500 employees in 27 countries and annual sales of over US$600 million.
O'Reilly developed Bayard with a focus on investments that leveraged growing shortages of energy and water, including metering technology, and by 2008, the Bayard group of companies employed over 5000 people across 30 countries, with a turnover of in excess of US$1.2 billion and EBITDA earnings in excess of US$200 million.
Bayard becomes Landis+Gyr
The Landis+Gyr name was extended to the whole group in May 2008.The CEO is Cameron O'Reilly, the President and COO Andreas Umbach, previously CEO of the original Landis+Gyr, and the CFO Andreas Spreiter, who held a similar role in the original Landis+Gyr.
The company was acquired by Toshiba
Toshiba
is a multinational electronics and electrical equipment corporation headquartered in Tokyo, Japan. It is a diversified manufacturer and marketer of electrical products, spanning information & communications equipment and systems, Internet-based solutions and services, electronic components and...
for US$ 2.3 billion.
The original Landis+Gyr
Landis+Gyr was established in 1896, and provided a wide range of metering products, systems and solutions for electricity, heat and gas to energy utilities all over the world, being the largest player in that global industry.In 2006, Landis+Gyr merged with Enermet, a Finnish firm in the same area of technology, creating an enlarged company employing about 4500 people in 45 subsidiaries in 30 countries, with a total turnover of 692 million Euro in 2006.
Products
- Energy meters and metering devices for meter reading, load management and communication
- IT systems and services for meter data acquisition and processing
- Prepayment meters and systems for gas and electricity
- System solutions to read and process metering data, including automated meter reading
- Advanced metering infrastructure and turnkey solutions including supporting services
Controversy
The company sacked Labour peer Lord TruscottPeter Truscott, Baron Truscott
Peter Derek Truscott, Baron Truscott is a British petroleum and mining consultant, independent member of the House of Lords and writer. He was a Labour Member of the European Parliament from 1994 to 1999 and was elevated to the peerage in 2004...
as a consultant after he had claimed to have helped them to amend the law in the UK.