Tuesday, 30 September 2014
Last updated 2 hours ago
Nov 10 2009 | 10:26am ET
The world’s largest electricity-metering company, Switzerland’s Landis+Gyr, has raised $100 million from shareholders to fund its growth.
“Our existing shareholders’ active support of the company is a tribute to the global potential of smart metering and Landis+Gyr’s unique position to capitalize on that opportunity,” said Landis+Gyr CEO Cameron O’Reilly.
The company, which has been expanding its American business significantly, expects to benefit from the $3.4 billion in smart grid funding announced recently by the U.S. administration, as well as from the EU’s Energy Package, which includes a directive requiring 80% of homes to have smart meters by 2020 and 100% by 2022.
Landis+Gyr is has won more than $1 billion in new orders this year, including major contracts in Australia, across the Nordics countries, and in the United States. The company spends approximately $90 million per year on research and development. In addition to its smart metering wins, the company has also had substantial success in South America and India with its new anti-theft technologies which enable utilities to provide electricity to areas that otherwise might go without.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...