Zug, Switzerland --- (METERING.COM) --- May 22, 2008 - Bayard Group Pty Ltd. has announced that it is uniting its family of technology companies under one global brand, Landis+Gyr, to create a new leader in energy management.
In terms of the announcement, Bayard Group itself will be renamed Landis+Gyr Holdings and its subsidiaries Landis+Gyr, Cellnet+Hunt, Ampy Metering, Ampy+Email and Enermet, will adopt the Landis+Gyr name, synonymous with technological innovation in energy measurement for more than a century, as their exclusive operating brand.
The new Landis+Gyr comprises over 5,000 employees and operations in 30 countries across five continents.
“We live in an era of skyrocketing energy costs and unrelenting consumption, yet energy production is not keeping up and much is lost through an aging grid infrastructure,” says Cameron O’Reilly, who founded Bayard and retains the role of chief executive officer of Landis+Gyr. “Energy conservation is crucial. And it must be supported by sophisticated, technologically-advanced management systems critical to meeting energy demand while reducing cost and improving the environment.
"The unification of Bayard and its subsidiaries into one powerful global business reinforces our mission to help utilities and their customers manage energy better.”
In addition to O’Reilly, the management team is lead by Andreas Umbach and Andreas Spreiter, who elevate to the roles of president and chief operating officer and chief financial officer of Landis+Gyr Holdings respectively. Umbach was previously chief executive of Landis+Gyr AG and Spreiter was chief financial officer of the company.
The company will keep its global operating headquarters in Zug, Switzerland and will open an office in New York City to reflect its commitment to the U.S. market, which accounts for more than a third of its global business. In order to best serve the needs of the market, in the U.S. Landis+Gyr will organize under two divisions, Energy Measurement Products and Energy Management Solutions, which will ensure a continued ability to sell both integrated solutions and individual products, tailored to the needs of customers and partners.