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Landis+Gyr Group AG ( (CH:LAND) ) has shared an update.
Landis+Gyr Group AG has announced the sale of its EMEA business to AURELIUS for USD 215 million, marking a strategic shift to focus on the Americas and Asia-Pacific regions. This transaction, which includes a significant portion of its metering portfolio and affects 2,700 employees, is expected to streamline operations and enhance Landis+Gyr’s market position in its target regions. AURELIUS plans to continue the EMEA business, leveraging positive market trends and ensuring continuity for customers. The sale is anticipated to result in a non-cash impairment of approximately USD 190 million, impacting the company’s financial results for the first half of fiscal year 2025.
The most recent analyst rating on (CH:LAND) stock is a Hold with a CHF71.00 price target. To see the full list of analyst forecasts on Landis+Gyr Group AG stock, see the CH:LAND Stock Forecast page.
More about Landis+Gyr Group AG
Landis+Gyr is a global leader in integrated energy management solutions, focusing on smart grid and infrastructure management to help utilities and consumers reduce energy consumption. The company offers a portfolio of software, services, and smart sensor technology, contributing to grid decarbonization. In fiscal year 2024, Landis+Gyr generated revenue of USD 1.7 billion and employs around 6,300 people worldwide.
YTD Price Performance: 20.72%
Average Trading Volume: 69,721
Technical Sentiment Signal: Buy
Current Market Cap: CHF1.96B
Find detailed analytics on LAND stock on TipRanks’ Stock Analysis page.