Landis+Gyr to Acquire RheboPORTFOLIO NEWS
Landis+Gyr is the global industry leader in energy measurement solutions and advanced meter management for electricity, gas, heat and water utilities.
Rhebo detects anomalies and threats right in the periphery of the network (grid edge) and therefore fits perfectly with our strategy in cybersecurity.
Werner Lieberherr, CEO, Landis + Gyr
The cooperation with Landis+Gyr is not only positive news for Rhebo's further growth. With the integration of Rhebo into Landis+Gyr's Advanced Metering Infrastructure, Critical Infrastructures worldwide will also get a secure solution for further digitization and automation of their services.
Klaus Mochalski, Founder and CEO, Rhebo
We are very happy about this successful exit. My special thanks go to the founding team of Rhebo, who trusted us to accompany the company as lead investor alongside Technologiegründerfonds Sachsen, Montan-Ventures-Saar as well as VNG Innovation.
Dirk Seewald, Partner, eCAPITAL AG
Rhebo is the only vendor-independent provider of industrial monitoring solutions ensuring both cybersecurity and stability of ICS and IoT infrastructures. The German company’s solutions monitor all communication within the ICS and on distributed critical IoT devices. Any attacks, vulnerabilities as well as technical error states are reported in real-time. Thus, Rhebo vendor-neutrally supports industrial, energy and water companies to increase cybersecurity, productivity and availability of their systems and plants to safeguard their digital transformation.
In this role, the company is partner of the Alliance for Cyber Security of the Federal Office for Information Security (BSI), is actively developing standards and technical guidance in the Teletrust – Bundesverband IT-Sicherheit e.V. and the Bitkom Security Management Working Group.
Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, Landis+Gyr delivers innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.7 billion in FY 2019, Landis+Gyr employs approximately 5,500 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.
eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, currently manages funds with over EUR 280 million under management and was lead investor of some very successful German exits like sonnen or Novaled.
SVP Investor Relations & Corporate Communications
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