Acquisition of Landis+Gyr’s EMEA by AURELIUS

Niederer Kraft Frey acted as Swiss legal counsel to 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. The transaction closed recently for an enterprise value of USD 215 million.

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.  With approximately 2,700 employees across multiple production sites, the business generated revenues of more than USD 600 million in the financial year 2024.

AURELIUS is a global private equity investor with a strong focus on operational value creation. 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 and has already completed more than 300 transactions. The acquisition forms part of AURELIUS’ strategy to invest in corporate carve-outs and complex transactions with operational development potential.

The NKF team was led by Transaction partners Philip Spoerlé and Adrian Koller, working with associate Carlotta Ulmer and junior associate Matthias Schmidt (both Transactions), as well as counsel Marc Vogelsang (Tax).

Goodwin Procter LLP acted as lead counsel in this transaction, with a team that was led by Winfried Carli and Marius Garnatz Maskus (both Finance/Private Equity, Munich).