Landis+Gyr is acquiring GRIDiant Corporation, a utility analytics company focused on the electric distribution grid. Advanced grid analytics enable utilities to extract business value from large data sets, as smart meters and other grid devices to provide in-depth information about their distribution networks. The terms of the deal were not disclosed.
“We understand that utilities around the world want to continually improve their business operations,” said Andreas Umbach, Landis+Gyr’s President and CEO. “We believe the insights gained from analytic tools are essential ingredients in leveraging the value from smart grid infrastructure investments, and that these insights can promote operational efficiency throughout the distribution grid.”
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