Landis+Gyr has had a PPA conducted for the acquisition of Rhebo
In February 2021, Landis+Gyr acquired 100% of the shares of Rhebo, a leading technology provider of cybersecurity solutions to protect critical infrastructure. Subsequent to the transaction, a purchase price allocation (PPA) was conducted for accounting purposes.
Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, the company delivers innovative and flexible solutions to help utilities solve their complex challenges in smart metering, grid edge intelligence and smart infrastructure. With US$1.4 billion in sales in the financial year 2020, Landis+Gyr employs more than 5,000 people in over 30 countries across five continents.
Based in Leipzig, Germany, Rhebo’s innovative technology ensures real-time reporting of cybersecurity threats and other anomalies in network control systems, enabling utilities and other customers to react immediately to cyber attacks.
Oaklins’ team in Switzerland advised Landis+Gyr during the post-transaction phase and produced a PPA report in accordance with US-GAAP. The report contained the allocation of the consideration paid to all identifiable assets acquired and liabilities assumed.
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