Proving the Business Case for the Internet of Things

Landis + Gyr strengthens smart-grid portfolio with PowerSense takeover

Iain Morris
May 20, 2014
 
Swiss smart-grid specialist Landis + Gyr has announced a takeover of Denmark’s PowerSense aimed at strengthening its portfolio of technology services and boosting its international presence.

PowerSense (Holte, Denmark) was spun off from Danish power utility DONG Energy (Fredericia, Denmark) in 2006 and develops smart-grid sensor and monitoring technology.

Landis + Gyr (Zug, Switzerland) did not disclose the financial terms of the deal but said the company would be integrated with its existing European operations, giving utility customers access to an improved range of services.

The Swiss player said the PowerSense solution would allow utilities to better manage grids in their medium and low-voltage distribution network, for instance.

The takeover will also allow Landis + Gyr to offer smart grid applications sensing and secondary transformer monitoring.

According to analyst expectations, the sensors market is forecast to grow significantly over the next decade across Europe, and also has potential in the North America and the Asia Pacific region.

PowerSense claims that its supervision and control systems have been designed to retrofit and digitalize existing power distribution infrastructure, allowing grid operators to adapt to emerging challenges – with an increasing number of distributed power generation options and unpredictable loads expected to have a dramatic impact on power consumption patterns.

“PowerSense solutions have been tested and successfully proven in a major rollout in Australia at Ausgrid and in a number of pilot projects internationally,” said Andreas Umbach, the chief executive of Landis+Gyr. “Their patented optical sensor technologies, as well as smart grid monitoring and controller products, perfectly complement Landis+Gyr’s portfolio.”

“This acquisition sees the start of a powerful and attractive next generation of products, giving our customers a unique advantage to manage energy better in the fast developing world of smart grid applications,” he added.

PowerSense says that the combination of its technology with existing grid management options from Landis + Gyr will offer “powerful product synergies” for utility customers.

“The PowerSense solution has been developed directly with our customers and so exactly meets market expectations,” said Jesper Klingsten Nielsen, the chief executive of PowerSense. “Landis+Gyr’s acquisition of PowerSense will dramatically strengthen developments in the smart grid field globally.”

“This powerful combination will have positive impact on the smart grid space, delivering solutions which enable utility use cases, including better outage management, improved power quality and optimization of asset life,” he added.
 
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