Toshiba Buys Landis+Gyr in $2.3B Deal

Toshiba Corp. has entered into an agreement to buy Swiss-based smart metering company Landis+Gyr for $2.3 billion, including net debt. Landis+Gyr is owned by several investors including Bayard Capital of Australia. Toshiba beat out buyout shops TPG Capital and EQT Partners in the auction for Landis+Gyr.

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