• AURELIUS has entered into a share purchase agreement to acquire Landis+Gyr’s EMEA metering business
• The business generated net revenues of more than $600m in FY24 and employs about 2,700 people at five production sites across the EMEA region
• Landis+Gyr EMEA is a leading provider of metering solutions predominantly for electricity, thermal and gas in residential and commercial applications

London/Luxembourg, September 29, 2025 – AURELIUS Private Equity Mid-Market Buyout has entered into a share purchase agreement to acquire the EMEA metering business from SIX Swiss Exchange-listed Landis+Gyr for an enterprise value of $215m.

The transaction scope of Landis+Gyr EMEA encompasses the full metering portfolio for residential electricity, ICG electricity, gas, thermal, as well as the related integrated solutions for software and services and operations in Europe, the Middle East and Africa.

With foundations dating back over a century and deep roots in Swiss precision engineering, Landis+Gyr EMEA has developed a strong reputation for high-quality products. Based on this reputation, AURELIUS sees attractive growth opportunities across the company’s portfolio and regions. AURELIUS’ dedicated in-house operations advisory team AURELIUS WaterRise will also support Landis+Gyr EMEA to realise its full potential as a standalone business by focusing on delivering the carve-out and working with management on identified levers to grow revenues and improve bottom line profitability.

Fabian Steger, Managing Director AURELIUS Funds IV and V, says: “I am pleased to see the momentum AURELIUS has built in a challenging M&A market, identifying many attractive carve-out opportunities and converting them into transactions. The acquisition of Landis+Gyr’s EMEA business is another example of this.”

Franz Woelfler, Partner at AURELIUS Investment Advisory, says: “Landis+Gyr’s EMEA business benefits from favourable fundamental trends in the metering market. AURELIUS is excited to partner with management and the business’ highly skilled employees to bring the enterprise to its full potential, but also to contribute to a more resource-efficient world through its market-leading technology.”

The transaction is subject to customary regulatory approvals and other closing conditions. It is expected to close in Q2 2026.

AURELIUS was advised by Alantra (M&A), Baker McKenzie (Legal), EY (Financial and Tax), Roland Berger (Commercial), Aon (Insurance), and Haver & Mailänder (Antitrust).

About AURELIUS

AURELIUS is a global private equity investor, distinguished and widely recognised for its operational approach. It focuses on private markets, in particular Private Equity and Private Debt. Its key investment platforms include AURELIUS Opportunities V, AURELIUS European Opportunities IV, AUR Portfolio III and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, especially expanding its global footprint, and today employs more than 400 professionals in 9 offices spanning Europe and North America.

AURELIUS is a renowned specialist for complex investments with operational improvement potential such as carve-outs, platform build-ups or succession solutions as well as bespoke financing solutions. To date, AURELIUS has completed more than 300 transactions, and has built a strong track record of delivering attractive returns to its investors. Its approach is characterised by its uncompromising focus on operational excellence and an unrivalled ability to efficiently execute highly complex transactions.

More info: www.aurelius-group.com

AURELIUS media contact:

Harald Kinzler
Head of Communications
harald.kinzler@aurelius-group.com
+44 7785 722 191