Landis+Gyr, a leading global provider of integrated energy management solutions, has entered into a share purchase agreement with KD Group for the sale of its EV Solutions business, formerly Etrel. This agreement provides a sustainable path forward for the business, securing a preferred resolution for employees, customers, and partners.
As part of the ongoing exit from the EV charging business in EMEA, Landis+Gyr has been actively working to identify the best possible outcome for the EV Solutions business.
Through this process, the company has reached an agreement with KD Group, ensuring that the business, including its employees, customer contracts, and service commitments, will continue under new ownership.
KD Group is Slovenian financial and investment powerhouse, recognized for its strategic vision and impactful investments. By focusing on long-term value creation, they integrate financial expertise with operational improvements, ensuring sustainable expansion and profitability. Under its new ownership, EV Solutions business gains a stable foundation for continued development and innovation, building on 15 years of e-mobility expertise.
“We are proud to join Etrel, building on the remarkable 15-year legacy in the e-mobility space. This investment reflects our confidence in the company’s role in shaping a smarter, more sustainable future. This is also an important opportunity to further support the development of Slovenia’s entrepreneurial and innovation landscape, fostering local expertise and reinforcing the country’s position as a hub for advanced technology in the global e-mobility market,” said Gregor Sluga, CEO at KD Group.
“This agreement reflects Landis+Gyr’s commitment to securing the best possible outcome for our employees, customers, and partners. By ensuring a path forward for the EV Solutions business under new ownership, we are prioritizing business continuity while remaining focused on our core strengths in integrated energy management solutions,”said Robert Evans, EVP EMEA at Landis+Gyr.
The transaction has been signed and closed on 13 March 2025. The transition period is now underway, and both companies are working closely to determine the next steps for business operations and service continuity.
The financial impact from the exit of the EV charging business in EMEA for Landis+Gyr remains unchanged and as announced on 11 February, 2025.
KD Group is a leading financial and investment management company based in Slovenia. With a legacy of innovation in asset management, insurance, and financial services, KD Group has played a pivotal role in shaping the financial landscape. The company is committed to delivering sustainable growth and value to its clients, partners, and stakeholders through a diversified portfolio of investment, real estate, and insurance solutions.
