Goodwin has advised AURELIUS on the financing of the acquisition of the EMEA metering business from SIX Swiss Exchange-listed Landis+Gyr, a leading global provider of integrated energy management solutions, for an enterprise value of USD 215 million. The transaction has recently been completed.
The transaction relates to the acquisition of Landis+Gyr’s operations in Europe, the Middle East, and Africa, comprising a broad portfolio of metering solutions for electricity, gas, heat, and water, as well as related software and services. The business employs approximately 2,700 people across multiple production sites and generated revenues of more than USD 600 million in the financial year 2024.
The acquisition forms part of AURELIUS’ strategy to invest in corporate carve-outs and complex transactions with operational development potential.
AURELIUS is a global private equity investor with a strong focus on operational value creation. 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 nine offices spanning Europe and North America and has already completed more than 300 transactions.
Landis+Gyr is a global provider of energy management solutions, offering technologies that support utilities in managing and optimizing electricity, gas, and water networks.
Goodwin’s transaction team consisted of Winfried Carli, Marius Garnatz Maskus (both Private Equity/Debt Finance, Munich), Elie-Raphael Soudry, Olha Polishchuk (both Private Equity/Debt Finance, Luxembourg), Tom Roberts, Nadim Islam, Laura Kelly (all Private Equity/Debt Finance, London), Charlotte Mouradian, Sacha Roustier (both Private Equity/Debt Finance, Paris), Rina Omura, Anna Zoth (both Private Equity/Debt Finance, Munich), and Philipp Lauer (Tax, Munich).