Landis+Gyr furthers expansion into EMEA with Telia acquisition in Finland

Credit: Landis+Gyr

Following Landis+Gyr’s strategy to further expand its service business in the EMEA region, this week, the company announced that it has aquired Telia’s AMR (Automated Meter Reading) Business in Finland.

Telia currently services 23 utilities with more than 950,000 residential smart meters. Landis+Gyr said in a press release that service to these customers will remain unchanged.

The operations, including meter reading for residential smart meters, data collection services and transfer of the measurement data, will be handed over to Landis+Gyr together with a dedicated team of AMI service professionals, who will strengthen Landis+Gyr’s service organization.  

“With this acquisition, we are strengthening our managed services footprint in EMEA, raising the number of metering points under a managed service contract in Europe with Landis+Gyr to approximately 2.5 million. At the same time, with energy processes and systems becoming more complex, we are responding to the growing demand of utilities for a strong partner helping them manage their operations efficiently,” said Susanne Seitz, Executive Vice President EMEA at Landis+Gyr.

 With its AMI operations across the Nordics and a strong smart grid services footprint in North America, Landis+Gyr currently manages more than 15 million metering points under service contracts worldwide. In the Nordic region, the company delivers 42 million meter values every day as a service to more than 40 utilities. As a result of the acquisition, this number will be growing to more than 60 utilities.

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