US$250 million raised in the past 12 months for the leading smart grid company

Zug, Switzerland – April 7, 2010 -- Landis+Gyr, the world’s largest electricity metering and smart meter solutions company that is helping bring the smart grid to reality across the globe, today announced that it had signed an agreement to raise an additional US$165 million in capital to fund the company’s continued growth and support smart metering roll-outs worldwide. Joining Landis+Gyr’s global base of existing shareholders for this round of investing is DLJ Merchant Banking, a division of Credit Suisse’s Asset Management division. The transaction is expected to close by mid-April 2010.