Landis+Gyr Group AG

Thales and Landis+Gyr announced a strategic collaboration to deliver secure, scalable cellular connectivity for smart meter deployments across North America. Under the deal, Thales will supply Landis+Gyr with eSIM technology and advanced IoT connectivity management to simplify and secure remote management of smart meter fleets throughout their lifecycle, combined with Simetric's single pane of glass platform for centralized monitoring and control. The solution uses Thales' latest eSIM technology, compliant with the GSMA's SGP.32 specification, allowing network profiles to be provisioned, changed or managed over the air and reducing reliance on physical SIM replacement. Landis+Gyr serves more than 2,000 utilities worldwide and has more than 180 million connected intelligent devices in the field, while North America's installed base of smart electricity meters is expected to grow from 152.4 million in 2024 to 180.9 million by 2030, according to Berg Insight. The capability will become part of Landis+Gyr's Revelo and Surent platforms, and Thales' eSIM subscription management solutions support more than 450 mobile network operators and more than 200 OEMs across consumer and IoT markets.

The global smart meter market is projected to grow from USD 31.60 billion in 2026 to USD 50.82 billion by 2031, registering a 10.0% compound annual growth rate, according to a new report added to ResearchAndMarkets.com's offering. Growth is being driven by government programs addressing future electricity demand, carbon reduction targets, renewable energy integration, grid modernization, and improved utility resource management. Residential is expected to be the fastest-growing end-user segment, while hardware is expected to retain the larger share of the component split between hardware and software. Europe is expected to become the world's second-largest regional market, led by France, Germany, Italy, Spain, and the UK, with the European Green Deal and Fit for 55 initiative accelerating grid modernization. The report profiles key players including Landis+Gyr of Switzerland, Itron Inc. of the US, Sagemcom of France, Schneider Electric of France, OSAKI Electric Co., Ltd. of Japan, and Siemens of Germany, and cites recent developments such as Siemens' March 2025 partnership with CPFL Energia to modernize approximately 1.6 million residential smart meters in Sao Paulo by 2029.

Landis+Gyr has expanded its Edge Application Ecosystem in Australia by adding Future Grid and Operational Technology Solutions as new partners. The move strengthens the company's open global ecosystem, bringing new edge applications that enhance real-time intelligence and network reliability. The platform enables utilities to deploy advanced analytics and AI-driven insights on Landis+Gyr's Revelo grid sensing platform. Future Grid provides a SaaS platform for real-time low-voltage distribution network management, while OTS offers expertise in data analytics and edge sensors. The partners join an existing ecosystem that includes Sense and Mitsubishi Electric.

Landis+Gyr Group AG announced it will accelerate its share buyback through a fixed-price offer following the closing of the EMEA transaction, while reporting first-quarter net revenue of 232.3 million US dollars, down 6.8 percent from 249.1 million a year earlier. Order intake slipped 2.7 percent to 167.0 million, but adjusted gross profit margin improved by 280 basis points to 37.4 percent, lifting adjusted gross profit to 87.0 million. Chief Executive Officer Peter Mainz said the business performed in line with expectations and pipeline activity remained very strong, and the company reiterated its full-year guidance while advancing preparations for a U.S. listing alongside its Swiss listing.

Landis+Gyr Group AG shareholders approved all proposals at the Annual General Meeting in Cham, Switzerland. All seven board members standing for re-election were re-appointed for one year, including Chair Audrey Zibelman, and Scott Reese was elected as a new board member. A distribution of CHF 1.20 per registered share from statutory capital reserves was approved, payable from July 2, 2026. The Annual Report, Financial Statements, Remuneration Report, and Sustainability Report for fiscal year 2025 were also approved, along with amendments to the Articles of Association.

The global smart electric meter market is projected to grow from USD 27.24 billion in 2025 to USD 59.22 billion by 2035, expanding at a compound annual growth rate of 8.27 percent, according to a new report from SNS Insider. The Asia Pacific region led the market in 2025 with a 45.19 percent revenue share and is expected to remain the fastest-growing region at an 8.82 percent CAGR through 2035, driven by large-scale smart grid installations and urbanization. Single-phase smart meters dominated the phase-type segment with 68.29 percent of revenue in 2025, while smart electricity meters held the largest product-type share at 34.12 percent. RF Mesh communication technology captured a 31.44 percent share, and consumption monitoring was the leading application at 32.11 percent. Key players include Landis+Gyr, Itron Inc., Siemens AG, and Schneider Electric SE.