Welcome to our dedicated page for Landis Gyr Group news (Ticker: LDGYY), a resource for investors and traders seeking the latest updates and insights on Landis Gyr Group stock.
Landis+Gyr (LDGYY) delivers integrated energy management solutions through advanced metering infrastructure and smart grid technologies. This news hub provides investors and industry professionals with essential updates about the company’s operational developments and strategic direction.
Access timely press releases covering earnings announcements, product innovations, and partnership agreements. Our curated collection includes regulatory filings, technology deployment milestones, and executive leadership updates directly impacting utility sector advancements.
Key content focuses on grid modernization initiatives, meter data management system enhancements, and sustainability-driven projects. Users will find details about DERMS integrations, international expansion efforts, and cybersecurity developments relevant to energy infrastructure.
Bookmark this page for streamlined access to Landis+Gyr’s verified financial communications and technical announcements. Regularly updated to reflect the company’s role in shaping global energy efficiency standards and grid resilience solutions.
Landis+Gyr Technology Inc. has secured a contract with Otter Tail Power Company to supply advanced metering infrastructure, software, and services to enhance the utility's energy grid across Minnesota, North Dakota, and South Dakota. The agreement entails the delivery of 175,000 advanced meters and a 20-year SaaS contract for data management and analytics. This initiative aims to improve outage management and empower consumers with better energy management through Landis+Gyr's innovative Revelo meters, highlighting the company's commitment to smart energy solutions.
Landis+Gyr Group AG announced the appointment of Sean Cromie as the new Executive Vice President and Head of Americas, effective January 1, 2022. Cromie, who joined the company in June 2020, has streamlined operations and stabilized the supply chain. His predecessor, Prasanna Venkatesan, will transition to the role of Executive Vice President Strategy. Venkatesan has significantly influenced the Americas region, ensuring strategic growth opportunities. This leadership change aims to enhance customer commitments and innovation in energy management solutions.
Landis+Gyr Group AG has announced the sale of its 16.8% stake in Intellihub Operations Pty Ltd for over AUD 310 million. The buyer, Brookfield, will collaborate with Pacific Equity Partners in this venture. The deal, expected to close by the end of February 2022, is projected to yield over USD 220 million for Landis+Gyr, although capital gain tax in Australia and stamp duty in Switzerland will partially offset this amount. Landis+Gyr's CEO highlighted the significance of this transaction in supporting the company's strategic growth in energy management solutions.
Landis+Gyr announced its unaudited financial results for the first half of FY 2021, revealing a strong performance amidst COVID-19 challenges. Key metrics included:
- Order intake of USD 1,786.9 million with a book-to-bill ratio of 2.55, driven by major US contracts.
- Net revenues increased by 9.1% YoY to USD 700.9 million.
- Adjusted EBITDA grew 41.3% to USD 70.8 million, with a margin of 10.1%.
- Net income reached USD 35.0 million, or USD 1.21 per share, compared to a loss in H1 FY 2020.
- Guidance for FY 2021 confirmed, but results expected towards the lower end due to supply chain issues.
Landis+Gyr Technology has inked a five-year contract with Louisville Gas and Electric and Kentucky Utilities to implement advanced metering and smart grid infrastructure. This deal includes 930,000 electricity meters and 300,000 gas modules, along with necessary network equipment and software. The technology aims to enhance service reliability and enable customers to better manage energy use. The project, approved by the Kentucky Public Service Commission, highlights Landis+Gyr's role in modernizing Kentucky's energy system, offering a comprehensive IoT network for energy distribution.
Landis+Gyr Technology Inc. has partnered with AES Ohio to implement a comprehensive grid modernization initiative. This includes the installation of approximately 500,000 smart meters and the deployment of the Gridstream® Connect IoT platform, enhancing both grid management and customer engagement. The project will leverage Landis+Gyr's cloud services and Vodafone Business IoT for coverage across AES Ohio's service area. This initiative marks a significant investment in smart energy applications to improve system resiliency and customer service.
Landis+Gyr will host the 2021 Exchange User Conference from May 11-13, marking its 15th anniversary and first all-virtual format. The event aims to tackle energy management challenges faced by utilities, with over 1,000 participants from 260 companies and 18 countries. Key discussions include the impact of electrification and clean energy mandates on utilities, innovation in collaboration with Google, and strategies for navigating change. The conference will feature 25 sessions, technology forums, and networking opportunities to foster collaboration and knowledge sharing among industry experts.
On March 31, 2021, Landis+Gyr announced a contract with Puget Sound Energy (PSE) to enhance PSE's smart grid capabilities by adding street light control systems. Over the next five years, PSE plans to deploy 25,000 smart street light controllers using Landis+Gyr's Gridstream® AMI network. These controllers will allow for energy-efficient lighting control and metered billing. The software managing these systems will be hosted by Landis+Gyr, providing PSE with tools to monitor and optimize energy consumption.
Landis+Gyr has been selected by Polk-Burnett Electric Cooperative to implement new smart grid and metering technology as part of an advanced grid initiative. This two-year project will replace the existing metering system with Landis+Gyr's Gridstream® RF Mesh Network, deploying over 26,000 advanced meters. The cooperative aims to improve reliability and energy efficiency for its 21,000+ members. The implementation will enhance outage management, customer service, and resource planning through effective energy data sharing.
