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Swiss Landis+Gyr to acquire smart meter company Luna

Swiss Landis+Gyr to acquire smart meter company Luna

The Switzerland-based Landis+Gyr AG has entered into a binding agreement to acquire 100% of the shares of the smart meter company Luna Elektrik Elektronik Sanayi ve Ticaret AS for a high double digit million USD purchase price. The transaction is expected to close by the end of the calendar year 2021 with closing being subject...