Khaitan & Co, Homburger, Linklaters, Baker McKenzie act on Landis+Gyr transferring EMEA business to AURELIUS

Landis+Gyr Group AG has announced the successful completion of the divestiture of its Europe, Middle East and Africa (EMEA) business to AURELIUS, for an enterprise value of $215 million.

Khaitan & Co advised Landis+Gyr on Indian aspects of the transaction.

The transaction team consisted of Rabindra Jhunjhunwala (Senior Partner), Roshnek Dhalla (Partner), Sayani Bhattacharyya (Principal Associate), Bishesh Joshi (Associate), and Apurva Singhi (Associate), with assistance from the following:

Employment aspects: Deepak Kumar (Partner) and Akshita Sharma (Associate);

Tax aspects: Mayank Jain (Partner) and Pranay Sahay (Principal Associate); and

Competition Law Aspects: Anshuman Sakle (Partner) and Soham Bannerjee (Counsel).

Homburger advised Landis+Gyr on the global transaction.

The transaction team was led by Daniel Hasler (Partner, Head of Corporate / M&A) and includes Associates Anna Peter, Patrick Schmidt, Nicola Togni, Carlo Sulser, Filip Lapadatovic and Fabio Gasser.

Gregor Bühler (Partner, Head of IP/IT), Philippe Baumann (Counse), Associates Joel Fink and Kristina Martinovic, advised on IP/IT aspects.

Reto Heuberger (Partner), Associates Philippe Weber and Juliette Buob, advised in Tax aspects.

Partners Peter Müller (Pension), Richard Stäuber (Competition), as well as Jürg Frick and Stefan Bindschedler (both Financing), also provided support in their respective legal aspects.

Linklaters also advised Landis+Gyr on the global transaction.

The transaction involved Matthew Devey (Partner) and Juliane Kwasniok (Associate).

The Firms worked in conjunction with the in-house legal team of Landis+Gyr led by Holger Klafs (Group General Counsel), which included Destina Akman - Joubin (Group Senior Legal Counsel) and Amy Clapton (Group Legal Governance Specialist).

Baker McKenzie advised AURELIUS on this transaction. Baker McKenzie Switzerland provided counsel on the various legal and tax matters associated with the deal. Baker McKenzie teams from Switzerland, France, South Africa, and Turkey participated in the transaction.

The international team was led by M&A Partners Dr. Jakub Lorys (Munich) and Alexander Fischer (Zurich), while the Swiss team was headed by M&A Partner Matthias D. Trautmann.

The Swiss team included Susanne Liebel-Kotz (Partner), Roger Thomi (Partner), Christoph Stutz (Partner), Boris Wenger (Partner), Associates Cathrin Marxer, Nadine Charrière, Johanna Moesch, Christophe Reitze, Sammy Guidoum, Zarina Füglister, Jan Lusti, Andreas Becker, Caroline dos Santos, Kiara Sharifi, Anna Zellweger, Felix Maier, and David Rohner.

The transaction involved the carve-out and transfer of EMEA operations, encompassing the full metering portfolio for residential electricity, ICG electricity, gas, thermal and water, as well as the related integrated software and services solutions, together with five production sites and approximately 2,800 employees across the region, enabling Landis+Gyr Group AG to streamline its operations and sharpen its strategic focus on its core energy management and smart metering solutions business.

Landis+Gyr Group AG, headquartered in Cham, Switzerland, is a global leader in energy management solutions, providing integrated hardware, software, and services for the management of energy across the grid.

AURELIUS is a global alternative investor, distinguished and widely recognised for its operational approach. It focuses on Private Equity, Private Debt and Real Estate.

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