Smart Grid Buy Makes Toshiba Big Player

Toshiba has announced plans to acquire Landis+Gyr, a Switzerland-based company that specializes in energy management products for utility providers, in order to increase the scope of its smart grid plans in the global market. The takeover is worth a reported $2.3 billion.

Toshiba is expecting the smart grid sector to swell six times its current size in the next decade, and will evolve to include water and transportation planning in addition to energy consumption. For now, it seems Landis+Gyr will operate as a standalone entity, with Toshiba holding rights to properties, equipment, and patents.

smart grid

image via Zine Press

Currently, Landis+Gyr has a variety of smart meter technology products, 5,000 employees, and a costumer base of over 8,000 utilities. Toshiba wants to expand on those clients, especially in the United States, Europe, China, India, and Brazil, where smart meter roll out will be the strongest.

Rather boldly, Toshiba is telling investors and the general public that the company will grow by acquiring the Landis+Gyr operations from the current $3.6 billion level into an $8.5 billion market, annually, by the year 2015.

Aaron Colter is a freelance writer and marketing consultant in Portland, Oregon. A graduate of Purdue University, he has worked for the NCAA, Dark Horse Comics, Willamette Week, AOL, The Huffington Post, Top Shelf Productions, DigitalTrends, theMIX agency, SuicideGirls, EarthTechling, d'Errico Studios and others. He is also the co-founder of BananaStandMedia.com, a free record label, recording studio, and distribution service for independent musicians.

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