Based on its recent analysis of the advanced metering infrastructure (AMI) market, Frost & Sullivan, a Growth Partnership Company, has recognized Landis+Gyr with the 2014 Global Frost & Sullivan Company of the Year Award. According to the firm, Landis+Gyr has been relentless in its pursuit of higher energy management goals through constant innovations in AMI. It delivers cutting-edge solutions to not just utilities, but also energy consumers all over the world.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value as well as speed in response to market needs. In short, the award looks at market players in the industry and recognizes their best practices that are positioned for future growth excellence.
According to Frost & Sullivan, Landis+Gyr has been highly successful in helping utilities improve the efficiency of their energy networks, reduce energy costs, aid in the sustainable use of resources and ultimately, realize the full potential of the smart grid.
In addition to its organic growth, Frost & Sullivan commended Landis+Gyr on its creation of ripples in the mergers and acquisitions space. Soon after Bayard Capital purchased the company in 2004, Landis+Gyr made 14 different investments in the utility sector, channeling more than $1.2 billion in capital to grow beyond the confines of a pure metering company into the networking and communications space. These technologies and capability propelled the company to the top spot in the AMI market, and under Toshiba’s ownership since 2011, Landis+Gyr has remained active in acquiring complementary know-how.
“Significantly, in 2014, Landis+Gyr acquired PowerSense, a smart grid technology company, and GRIDiant, a company that specializes in grid connectivity technologies,” said Frost & Sullivan Senior Industry Analyst Gautham Gnanajothi. “The integration of industry-leading connectivity models of GRIDiant; high-quality supervision and control systems, and the optical sensor technologies of PowerSense; along with the existing portfolio of Landis+Gyr is expected to result in groundbreaking next-generation products.”
According to Frost & Sullivan, Landis+Gyr’s success and resonance with customers can be attributed to its unique two-pronged approach to innovation. The first is innovation in its standard product offering, and the second is innovation in customized and tailored solutions. This method helps it achieve a balance between market requirements and customer requirements regarding innovation.
“Landis+Gyr delivers an industry-leading ownership experience, starting with research and product development excellence all the way through to high-quality after-sales service and effective maintenance and operation,” noted Gautham. “It partners with the world’s best suppliers to optimize value for its customers, fostering a collaborative, innovative, and sustainable procurement process.”
