Frequently Asked Questions
Why is Toshiba buying Landis+Gyr?
Toshiba and Landis+Gyr have long histories and strong positioning in their respective areas of the smart grid marketplace.
Both companies are focused on the development and proliferation of technologies for the realization of a low-carbon society and improved energy management.
By leveraging both companies’ technologies and experience, and expanding our key relationships; we believe that we can accelerate and expand innovation and further our quest for smarter communities and a smarter grid.
Of course, the acquisition remains subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter.
What benefits does this acquisition offer?
For Toshiba, Landis+Gyr shall become the foundation growth platform as they expand their Smart grid products and services offering globally. As such, Landis+Gyr’s business, brand and offering, as seen by customers, partners, suppliers and employees will remain unchanged.
In the long term, Landis+Gyr and Toshiba have the opportunity to create the most innovative energy management, smart grid and smart community solutions worldwide.
We firmly believe that the companies can deliver benefit to our customers, our partners and, of course, our employees and stakeholders.
This acquisition brings:
• For our customers:
| A strong commitment to, and reputation for, innovation | |
| A broader collective product portfolio and vertical smart grid market access | |
| Ability to leverage Toshiba’s Smart Grid & Smart Community vision and solutions |
• For our partners:
| Continuity and maintenance of existing relationships and partnerships | |
| Opportunity to extend and expand partnerships across the full array of smart grid and related fields |
• For our employees:
| Landis+Gyr’s business positioned as Toshiba smart grid growth platform – no plans for restructuring | |
| Possible expanded long-term personal and professional opportunities | |
| Continued commitment to people – philosophically aligned between Landis+Gyr and Toshiba |
Do you anticipate restructuring or location changes?
Toshiba is acquiring Landis+Gyr because of the strength of Landis+Gyr offerings, experience and team performance and the collective company’s ability to expand scope and more quickly deliver on our collective smart grid vision.
As such, there are no plans for restructuring associated with this transaction.
Will there be changes to your management structure?
Toshiba plans to manage Landis+Gyr as a standalone, growth platform under the Toshiba Group corporate structure.
Landis+Gyr will be lead by Andreas Umbach, as President and CEO within Toshiba’s Infrastructure Systems Group.
Are there any expected customer or contract impacts?
Landis+Gyr expects things to remain “business as usual”.
We will continue to develop and deliver smart grid products and solutions for our customers and in the market.
What is Toshiba’s Smart Community business and vision?
Toshiba established a dedicated Smart Community Division to promote its Smart Community business in October 2010. The division reports directly to the president & CEO.
On April 1, 2011, Toshiba established a new in-house company, the Social Infrastructure Systems Company, which reinforces Toshiba’s ability to offer integrated solutions across power transmission and distribution, a broad range of social infrastructure, including railway systems, automotive systems and rechargeable batteries, and to support the Smart Community business.
As a pioneer in the Smart Community business, Toshiba is already involved in a number of Smart Grid and Smart Community demonstration projects in Japan and overseas, including the U.S., France and India, that will ensure customers can access promising solutions and well-proven technology.
As its maximizes the opportunities afforded by the Landis+Gyr acquisition, Toshiba and Landis+Gyr will aim to expand their global solutions continuing to bring the Smart Community vision to reality.