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Exclusive: Landis+Gyr hires advisors on potential sale: sources

Thu, 02/17/2011 - 12:26pm
Reuters

NEW YORK (Reuters) - Swiss smart meter company Landis+Gyr has hired Credit Suisse and Lazard Ltd to advise on a potential sale of the company, people familiar with the matter said on Thursday.

Landis+Gyr, which could be well over $1 billion, is expected to draw interest from multi-industry conglomerates such as General Electric Co, Danaher Corp, Johnson Controls Inc and Honeywell International Inc, as well as industrial groups based in Europe and Japan, three sources said.

Private equity firms and technology companies like Cisco Systems Inc are also likely to take a look at Landis+Gyr, one of the sources said.

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