Landis+Gyr exits from charging infrastructure business in EMEA
This decision to exit the EV charging business leads to expected impairment and restructuring charges ranging from $35 million to $45 million for financial year 2024
Landis+Gyr Group AG, a global provider of integrated energy management solutions based in Cham, Switzerland, has decided to discontinue its electric vehicle charging business in the Europe, Middle East and Africa region due to unfavorable market conditions and the lack of anticipated growth.
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