EQS-Adhoc

Landis+Gyr Strengthens Smart Metering Core through Agreement on Acquisition of Luna - Seite 2

'Our mission is to create value for our employees and customers as the first choice partner with our products, solutions, after-sales services, reliability and high business ethics', stated Mustafa Karabağli, Chairman of the Board at Luna Elektrik Elektronik Sanayi ve Ticaret A.Ş. 'We are happy and excited to join Landis+Gyr and look forward to supporting even more customers on their journey towards a smarter grid with our product portfolio and cost-effective solutions.'

After the closing, the current management team will continue to drive Luna's market expansion and profitable growth as part of the Landis+Gyr group.

About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, we deliver innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.4 billion in FY 2020, Landis+Gyr employs more than 5,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better. For more information, please visit our website www.landisgyr.com.

About Luna Elektrik Elektronik Sanayi ve Ticaret A.Ş.
Having started its operations in 1991, Luna is a leading smart electricity and water meter supplier, providing high quality advanced metering technology inside and outside of Turkey. With a production capacity of more than 400,000 smart meters per month and more than 850 employees, Luna is one of the Research and Development Centers registered by the Turkish government. For more information, please visit www.lunatr.com.

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