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Activist Spectrum, Landis + Gyr has a share and can be prepared to build


Landis + Gyr Group AG’s accommodation and trade focus installation of electric meter.

Landis + Gyr Group AG

Company: Landis + Gyr Group AG (Land-CH)

Business: Landis + GYR Group A Swiss company is primarily engaged in electricity components and equipment production. For utilities, energy measurement solutions specialize in electricity, gas, heat / cold and water measuring solutions for measuring solutions. Landis + Gyr consists of advanced measurements and intelligent energy management products such as product portfolio, electrical meters, heating and cooling meters, grid management solutions and individual energy management solutions. In addition, the company offers various software services, managed services, cloud services, intelligent network services, system integration, training, training, as well as advice and support services.

The stock value: About 1.49B Swiss francs (51.60 per share)

Activity: Spectrum entrepreneurship property

Property: 5.01%

Average price: n / a

Action Comments: Spectrum manages a concentrated portfolio of large minorities in the focus of entrepreneurship property (SEO), Dach region (Germany, Austria and Switzerland and Switzerland), usually in six-eight positions. As a long-term and marked Ancher shareholder, SEO strives to show the full value potential of portfolio companies. The firm is a very catalyst targeting small and medium hats, which is a very catalyst to create, and the affectionate engagement is a priority, usually sits in the majority staff of companies with badges. The Foundation’s fixed capital base stems from family departments, tender, pension funds and other long-term institutional investors. SEO, Fabian Rauch and Dr. Ilias Läber was built jointly in 2022. The two principles worked in the companies, in four decades and worked in the United Council and previously worked in Cevian capital for a decade.

What happens

Behind the scenes

Landis + Gyr is an integrated leading provider of integrated energy management solutions that specializes in developed counting infrastructure and smart grid technologies. Utilities and energy providers use a portfolio of smart meter technology, sensors, sensors and services to modernize and develop the efficiency of infrastructure. Although Landis was a very old company established in 1896, it was private and invested in a number of strategic and financial investors for the most part of its history. Toshiba in 2011 Won 60% of the share $ 2.3 billion in the company, but as a result, the Swiss unit selected IPO Six years later. On July 21, 2017, six Swiss exchanges, in 78 in 78, the CHF’s market cover was 2.3 billion.

Today, Landis is trading below the IPO price, which is more than 35%. The Nasdaq listed Pure-Play Peer Peer İTRON (about 15 times) compared to a Duopoly in the United States, compared to the enterprise value / EBIT in the United States and EBITDA, each of which is 35% to 40%. In July 2024, SEO became the second largest shareholder. After a while, Landis, Fabian Rauch, Fabian Rauch, Fabian Rauch, Fabian Rauch, co-founder and managerial partner held an extraordinary general meeting to elect the Fabian Rauch, Fabian Rauch, Fabian Rauch, Fabian Rauch, Fabian Rauch. Two months later, the company announced on October 30, 2024 A strategic review Order of its business portfolio, which includes the following key elements: (i) to America’s work; (ii) to review the opportunities to create value for the work of Europe, Middle East and Africa (EMEA); and (iii) Assessing a potential change in the United States. However, several things have since then, since then Landis, including Landis’s FY24 revenue management reduces 8% and announcement Will come out The work of the electric vehicle in EMEA is charging, as a result, expected impairment costs are 35 million 45 million. Although the increase in post-covig growth due to the reduction of the leadership, continuous growth, warnings fell on the ear ears. The shares fell about 22% on February 11, 2025 and the date of the announcement.

It makes sense to pay attention to America. Landis earned $ 1,963 billion from three geographical segments: American (58%), emea (34%) and Asian-Pacific (8%). Despite contributing to a third of revenues, interest, taxes, depreciation and depreciation, in less Ebit and less than 8% of the corrected earnings before the less Asian-Pacific Unit. In America, explore additional opportunities for growth and bend the work of this work through the splash or spinofoff, it can be increased to the value of the shareholder. A change in the list of US exchanges are in place, this Swiss company This Swiss company will make sense in the region, taking into account the majority of their earnings in the region. This Cevian is a strategy that pushes both Crh and PearsonAnd in recent years, there was a popular activist catalyst in Europe.

Landis is a story of an unfortunate capital with a bit of an insulating board. Welcome Fabian Rauch was the first strong signal that the board wants to change. It was a second signal that announces the plan to create value after a short time. The third has occurred November 2024When the company replaces CEO Werner Lieberherr with Peter Mainz. Finally, if the company’s chairman Andreas Umbach will not stop to be re-elected, the fourth signal occurred in January 2025 in January 2025 replaced By Audrey Zibelman.

Ken Squire, 13D Monitor, Institutional Research Service and Head of the Institutional Research Service and 13D Foundation’s Institutional Research and Portfolio, an activist is the creator and president of mutual fund investing in the investment portfolio.



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