Commission clears acquisition of Landis+Gyr by AURELIUS

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Landis+Gyr Olympus AG (‘Landis+Gyr’) of Switzerland by AURELIUS Investment Lux One S.à.r.l. (‘AURELIUS’) of Luxembourg.

The transaction relates primarily to the provision of smart metering devices and solutions across Europe, the Middle East and Africa for electricity, gas, thermal and water metering.

The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.

More information is available on the Commission's competition website, in the public case register under the case number M.12217.