Landis+Gyr Sells OT Cybersecurity Subsidiary Rhebo to Everfield

Landis+Gyr Group AG ( (CH:LAND) ) has shared an announcement.

Landis+Gyr Group AG has agreed to sell its subsidiary Rhebo GmbH, a Leipzig-based provider of security monitoring and anomaly detection for industrial OT networks and IIoT environments, to Everfield Germany GmbH, an investor focused on European B2B SaaS firms. The deal, valuing Rhebo in the high single-digit million US dollar range and pending regulatory approval, aligns with Landis+Gyr’s strategic refocus on core priorities while shifting Rhebo to an owner committed to further developing its OT security technology.

Management at Landis+Gyr frames the divestment as a move to sharpen its core business, while Everfield highlights Rhebo’s strong DACH market position and technical expertise as a valuable addition to its software ecosystem. Under Everfield’s long-term ownership model, Rhebo is expected to accelerate growth, enhance its cyber security offerings and deliver increased value to industrial customers across the EMEA region, potentially strengthening both companies’ positions in their respective markets.

The most recent analyst rating on (CH:LAND) stock is a Hold with a CHF59.00 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 Group AG is a global leader in energy technologies and integrated energy management solutions for electricity, gas and water utilities. The company develops intelligent, connected devices and software that provide real-time grid transparency and system control, helping more than 3,500 utilities worldwide forecast demand and optimize operations for more reliable and sustainable energy delivery.

Average Trading Volume: 69,192

Technical Sentiment Signal: Sell

Current Market Cap: CHF1.5B

For a thorough assessment of LAND stock, go to TipRanks’ Stock Analysis page.