Landis+Gyr has acquired 100% of the shares of Luna Elektrik Elektronik A.Ş.

Established in 1991, Luna is the market leading supplier of smart electricity and water meters, providing high quality advanced measurement technology. Luna has a production capacity of more than 400,000 smart meters per month with 1,000 employees, more than 100 engineers, and a registered Research and Development Center in Izmir, Turkiye. Landis+Gyr is the leading global provider of integrated energy management solutions for the utility sector. With sales of USD 1.4 bn in 2020, Landis+Gyr employs around 5,000 people in over 30 countries across five continents. This transaction will extend Landis+Gyr’s reach in new markets with Luna’s established sales channels, product portfolio, R&D expertise, and manufacturing capabilities. Financial and strategic advisor to Luna