Landis+Gyr Wins Contract to Supply More Than 3 Million Smart Metering Endpoints in the U.S.
Key Facts
Landis+Gyr said on October 26, 2026, that it had won a major contract with a U.S. investor-owned electric utility to supply more than 3 million advanced metering endpoints. The company said the contract includes meters, technology and services related to grid modernization, but its announcement did not specify the financial value of the deal. It did not name the utility, describing it only as a large U.S. investor-owned electric utility. The number of metering endpoints represents the announced scope of supply, but does not indicate the revenue expected from the agreement. The announcement was published in Landis+Gyr’s newsroom, not in a report attributed to another media organization.
The package extends beyond meters: Landis+Gyr said it will provide Revelo meters, related grid technologies and head-end systems. It also includes advanced security solutions, premium support, software maintenance and services. The contract therefore combines hardware, technical infrastructure and ongoing services, rather than covering only the supply of metering units. The announcement did not specify how many Revelo meters would be supplied or detail how the metering endpoints would be distributed across sites or deployment phases. The company said the deployment is expected to support the utility’s grid modernization goals by strengthening security, grid visibility and operational performance.
Chief Executive Peter Mainz said the win reflects “strong momentum for our Grid Edge Intelligence portfolio and the trust customers place in Landis+Gyr.” Mainz linked the deal to the company’s Grid Edge Intelligence portfolio, which focuses on technologies operating at the edge of the grid, and to customers’ confidence in its support for large-scale modernization programs. The announcement did not include a comment from the U.S. utility or details about why it selected the supplier. It also did not disclose the contract value or implementation schedule, which would have clarified the financial impact and timing of the supply. The information announced therefore remains focused on the scale of the metering deployment and the solutions and services included.
Landis+Gyr describes itself as a global supplier to the utility sector, and its investor relations page says more than 2,000 utilities worldwide trust the company. In fiscal 2025, revenue rose 4.2% to $1,166.2 million, while the Americas segment grew 7.8%, according to its annual report. Those results place the new contract in the context of the company’s commercial activity in the region, without disclosing the deal’s contribution to revenue or when it will be recognized. The company also said new orders for execution support its medium-term outlook, and its backlog stood at $3.9 billion in fiscal 2025. The announcement does not allow the value of the new contract to be compared with that backlog because the contract value was not disclosed.
The company previously announced on September 30, 2026, the commercial availability of the Revelo E370 meter, saying the device supports RF Mesh, Mesh IP and Wi-SUN protocols, with Wi-Fi as a standard feature. The Revelo platform’s inclusion in the new contract follows that announcement, but Landis+Gyr did not specify whether the supply would include the E370 model specifically. On July 7, 2026, the company announced an agreement with Benton Rural Electric Association to deploy the Revelo platform and a hybrid communications network to improve grid visibility and resilience. These announcements provide context on the company’s use of the Revelo platform in utility projects, but do not show whether the new U.S. contract extends any of those agreements. The scope of the current deal remains as described in the October 26 announcement.
Landis+Gyr is scheduled to webcast its fiscal 2026 first-half results on October 29, at 18:30 Central European Time and 13:30 Eastern Time, according to its investor relations page. The event comes three days after the contract announcement and offers a near-term update on the company’s results for the period, according to its published schedule. However, the investor page does not link the webcast to the new deal or indicate that the contract value or implementation details will be disclosed during it. As of that date, the contract announcement had not disclosed the utility’s name, the financial consideration or the deployment timeline. The figure of more than 3 million endpoints remains the main quantitative detail the company has announced about the agreement.