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Landis+Gyr acquires remaining stake in
meter data management software company Ecologic Analytics
10.01.2012 + + + Landis+Gyr, the leading global provider of integrated energy management products, announced that it has completed the transfer of ownership for all of the remaining stock of Ecologic Analytics, bringing Landis+Gyr's ownership to 100 percent. The terms of the transaction will not be disclosed.
Ecologic Analytics is a global leader in meter data management (MDM) software, which transforms advanced metering infrastructure data into accurate, timely and actionable information for electric, natural gas and water utilities. The company is the most experienced MDM provider in North America , with more endpoints in service and more meter reads handled annually than anyone in the industry.
"The strategic rationale for acquiring the remaining ownership of Ecologic Analytics is predicated on ensuring that Landis+Gyr has the capability to offer global utilities the software and meter data management products that they need to complete their smart grid offerings," said Andreas Umbach , President and CEO of Landis+Gyr, "This investment demonstrates our commitment, and that of our parent company Toshiba, to complementing our product portfolio for the long-term when appropriate opportunities arise."
Ecologic Analytics has a flexible business model, working with utilities, and if opted for, system integrators to implement software solutions. Ecologic Analytics will continue its operations from Bloomington, MN and the company's President, Craig Norman , will report to Richard Mora , Landis+Gyr's President and CEO for The Americas.
"Now a fully consolidated part of the Landis+Gyr family, our employees, partners and customers will benefit from the strong strategic and financial support of Landis+Gyr of course," Craig Norman commented, "And with the complete continuity of our operations we look forward to meeting accelerated global growth opportunities without missing a beat."
Source: Landis+Gyr
Published in PennEnergy
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