Landis+Gyr now has the 100% ownership stake in Ecologic Analytics.
Ecologic Analytics is a provider of meter data management (MDM) software, which transforms advanced metering infrastructure data into accurate, timely and actionable information for electric, natural gas and water utilities.
Landis+Gyr president and CEO Andreas Umbach said the strategic rationale for acquiring the remaining ownership of Ecologic Analytics is predicated on ensuring that Landis+Gyr has the capability to offer global utilities the software and meter data management products that they need to complete their smart grid offerings.
"This investment demonstrates our commitment, and that of our parent company Toshiba, to complementing our product portfolio for the long-term when appropriate opportunities arise," Umbach said.
Ecologic Analytics president Craig Norman said now a fully consolidated part of the Landis+Gyr family, employees, partners and customers will benefit from the strong strategic and financial support of Landis+Gyr of course.
