Put companies on watchlist
Landis+Gyr Group AG
ISIN: CH0371153492
WKN: A2DUSP
Curious about what AI knows about Landis+Gyr Group? Just one click more
More AI Integrations
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

Landis+Gyr Group AG · ISIN: CH0371153492 · EQS - adhoc news (30 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1571355
01 March 2023 06:55AM

Landis+Gyr Signs Contract with WEC Energy Group to Expand Existing AMI Program for Gas and Electricity


Landis+Gyr Group AG / Key word(s): Contract
Landis+Gyr Signs Contract with WEC Energy Group to Expand Existing AMI Program for Gas and Electricity

01-March-2023 / 06:55 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Cham, Switzerland – March 1, 2023 – Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX: LAND), and Wisconsin-based WEC Energy Group have signed an agreement to expand the Advanced Metering Infrastructure (AMI) coverage for gas and electric meters and extend the existing managed services agreement through 2038. The effectiveness of the agreement is dependent on regulatory approval of the aforementioned expansion of the AMI coverage.

The agreement includes 210,000 G480 ultrasonic gas meters, 750,000 AMI gas modules and 204,000 advanced electric meters. The extension of the managed service agreement, which originated with WEC Energy Group companies in 2001, means Landis+Gyr will continue managing the AMI network infrastructure and providing other services for the utilities over the next 15 years.

About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9 million tons of CO2 in FY 2021, Landis+Gyr manages energy better – since 1896. With sales of USD 1.5 billion in FY 2021, Landis+Gyr employs around 7,500 talented people across five continents. For more information, please visit our website www.landisgyr.com.

Contact Media 
Eva Borowski 
SVP Investor Relations & Corporate Communications 
Phone +41 41 935 6396 
Eva.Borowski@landisgyr.com

Contact Investors 
Christian Waelti 
Head of Investor Relations 
Phone +41 41 935 6331 
Christian.Waelti@landisgyr.com



End of Inside Information
Language: English
Company: Landis+Gyr Group AG
Alte Steinhauserstrasse 18
6330 Cham
Switzerland
E-mail: ir@landisgyr.com
Internet: www.landisgyr.com
ISIN: CH0371153492
Valor: 37115349
Listed: SIX Swiss Exchange
EQS News ID: 1571355

 
End of Announcement EQS News Service

1571355  01-March-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1571355&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Landis+Gyr Group AG
Smart analysis and research tools can be found here.
MIC: XSWX
Power-Shortcuts

Landis+Gyr Group AG

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2025
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.