Frost & Sullivan Applauds Landis+Gyr for Developing Groundbreaking Technologies to Build Future-ready Smart Grids Across the Globe
February 03, 2015
Landis+Gyr is among the few companies in the AMI sector that can provide a truly end-to-end solution
MOUNTAIN VIEW, Calif. — February 2, 2015 — Based on its recent analysis of the advanced metering infrastructure (AMI) market, Frost & Sullivan recognizes Landis+Gyr with the 2014 Global Frost & Sullivan Company of the Year Award. Landis+Gyr has been relentless in its pursuit of higher energy management goals through constant innovations in AMI. It delivers cutting-edge solutions to not just utilities, but also energy consumers all over the world.
Landis+Gyr has been highly successful in helping utilities improve the efficiency of their energy networks, reduce energy costs, aid in the sustainable use of resources and ultimately, realize the full potential of the smart grid. It has a comprehensive product portfolio, which is among the largest in the industry, and provides solutions that address current and future AMI needs. A case in point is its Gridstream solution, which is a modular, end-to-end smart grid solution that combines metering, communications, network management, software, grid and consumer applications, and professional services in a single secure and integrated platform.
In addition to its organic growth, Landis+Gyr has also been creating ripples in the mergers and acquisitions space. Soon after Bayard Capital purchased the company in 2004, Landis+Gyr made 14 different investments in the utility sector, channeling more than $1.2 billion in capital to grow beyond the confines of a pure metering company into the networking and communications space. These technologies and capability propelled the company to the top spot in the AMI market, and under Toshiba’s ownership since 2011 Landis+Gyr has remained active in acquiring complementary know-how.
“Significantly, in 2014, Landis+Gyr acquired PowerSense, a smart grid technology company, and GRIDiant, a company that specializes in grid connectivity technologies,” said Frost & Sullivan Senior Industry Analyst Gautham Gnanajothi. “The integration of industry-leading connectivity models of GRIDiant; high-quality supervision and control systems, and the optical sensor technologies of PowerSense; along with the existing portfolio of Landis+Gyr is expected to result in groundbreaking next-generation products.”
The company’s success and resonance with customers can be attributed to its unique two-pronged approach to innovation. The first is innovation in its standard product offering, and the second is innovation in customized and tailored solutions. This method helps it achieve a balance between market requirements and customer requirements regarding innovation.
Landis+Gyr presents top notch value to customers by enabling superior price-performance ratio, meter quality, network capability and attributes, operational capability of the vendor, and security. By focusing on innovation in all business fields, it ensures interoperability along the value chain. It has the industry’s largest installed meter base of 300+ million devices, deployed approximately 49 million fixed network advanced meters, and provided managed services for 14 million endpoints.
“Landis+Gyr delivers an industry-leading ownership experience, starting with research and product development excellence all the way through to high-quality after-sales service and effective maintenance and operation,” noted Gautham. “It partners with the world’s best suppliers to optimize value for its customers, fostering a collaborative, innovative, and sustainable procurement process.”
In 2013, Landis+Gyr retained leadership of the global market (excluding China) with a 44 percent share, which is an increase of 11 percent on 2012, and more than five times the share of its closest competitor. The success of its solutions and services has earned it a reputation for technology excellence, innovation, and customer focus.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
Landis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Today, the Company offers the broadest portfolio of products and services in the electricity metering industry, and is paving the way for the next generation of smart grid. With annualized sales of more than US$1.5 billion, Landis+Gyr, an independent growth platform of the Toshiba Corporation (TKY:6502) and 40% owned by the Innovation Network Corporation of Japan, operates in 30 countries across five continents, and employs 5,500 people with the sole mission of helping the world manage energy better.
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