Struggling Toshiba Plots an IPO for Smart Metering Giant Landis+Gyr

By District Energy posted 07-12-2017 15:52

  

Jeff St. John, Greentech Media
July 6, 2017

Summary

The Japanese conglomerate Toshiba bought a 60 percent stake in Landis+Gyr for $2.3 billion in 2011. Earlier this year, the industrial, electronics and energy giant reportedly started seeking out a buyer for the Swiss smart metering company, to help Toshiba cover losses from its Westinghouse nuclear power plant business. 

Now it's seeking the public option.

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#LandisGyr #News #Toshiba #MeteringandControls
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