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Landis+Gyr Sells Rhebo to Everfield: A Strategic Shift in the Energy Sector

In a notable strategic move, Landis+Gyr Group AG, a prominent global player in energy technology, has revealed its decision to sell Rhebo GmbH to Everfield Germany GmbH. This sale is part of Landis+Gyr's ongoing efforts to focus on core business operations and align with future market demands. The transaction, reflecting a high single-digit million US Dollar valuation, is contingent on the normal regulatory approvals and standard closing conditions.

Founded in 2014, Rhebo has carved out a niche in providing cybersecurity and monitoring solutions tailored specifically for operational technology (OT) networks and industrial Internet of Things (IIoT) environments. This acquisition allows Everfield, known as a buy-and-hold investor in European B2B SaaS companies, to strengthen its portfolio with critical security capabilities that are increasingly vital in today's digital landscape.

Landis+Gyr has announced that this divestiture follows its strategic realignment aimed at honing its focus on primary business priorities. Todd Wiedman, the CEO of Rhebo during the period from 2023 to 2026, expressed confidence in Everfield's ability to advance Rhebo's offerings further. According to Wiedman, "By transferring our Rhebo OT security product division to a robust European investor, we ensure that our innovations continue to thrive in alignment with market needs."

Rhebo has been a part of Landis+Gyr since the latter's acquisition in 2021, operating under its umbrella to provide advanced solutions for detecting anomalies and cyber threats without disrupting ongoing operations for industrial players. With the impending ownership change, the company aims to enhance its technology capabilities and continue to cater to the evolving requirements of clients.

Oscar Koberling, Everfield's Country Manager for the DACH region, emphasized the strategic advantage of Rhebo’s existing market position and technological strength. He stated, "Rhebo brings essential capabilities to our growing ecosystem, and we believe there’s significant growth potential given our extensive experience in the B2B software sector."

This acquisition comes at a critical time when cybersecurity challenges are on the rise globally, especially within industrial contexts where the stakes are exceptionally high. The potential for operational disruption due to cyber threats makes Rhebo’s solutions invaluable for industrial enterprises. By joining forces with Everfield, Rhebo positions itself to leverage additional resources and expertise, which is expected to accelerate its growth trajectory, ultimately benefiting its client base across Europe.

About Landis+Gyr

Landis+Gyr stands at the forefront of energy technology innovation, enabling real-time monitoring and management of energy resources. With a commitment to empowering utilities worldwide, their solutions transform conventional devices into intelligent, interconnected systems that enhance operational efficiency and robustness. For more information on their offerings, visit Landis+Gyr's website.

About Everfield

Everfield specializes in investing in vertical market and specialist software companies across Europe. By employing a decentralized model, they allow the businesses they acquire to maintain their unique identities while providing access to extensive operational knowledge and networks across various sectors. For further details, check Everfield's website.