General Electric, PE Firms Bid on Landis+Gyr

General Electric and unnamed private equity firms are among the bidders for Swiss-based smart metering company Landis+Gyr in an auction that could fetch as much as $2 billion, Reuters reported. The auction has advanced to a second round, Reuters reported. Landis+Gyr makes "smart" meters used for measuring power and other energy uses, and has hired Credit Suisse and Lazard Ltd. to advise on a potential sale.

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