Building a greener tomorrow through smart metering

Deal Flash

Landis+Gyr, the global provider of integrated energy management solutions, has acquired 100% of the shares of Luna Elektrik Elektronik A.Ş. (Luna), the leading Turkish smart electricity and water meter manufacturer.

Established in 1991, Luna is a supplier of smart electricity and water meters, providing high-quality advanced measurement technology. Luna has a production capacity of more than 400,000 smart meters per month, with 1,000 employees and more than 100 engineers in its R&D center in İzmir, offering nearly 35 million electricity meters to the Turkish market.

Our long-lasting engagement with the Oaklins team not only provided smooth and exceptional support during the transaction but also facilitated our corporate development and preparation in several aspects. Throughout the transaction, the team conducted a well-organized process with clear and straightforward communication. Their strong relationships with financial investors and international coverage of potential strategic investors were highly effective. Because of their high level of involvement and understanding of our business and strong financial expertise, we are very grateful for the guidance and support of the whole team led by Levent Bosut. MUSTAFA KARABAĞLI, CHAIRMAN, LUNA ELEKTRIK ELEKTRONIK A.Ş., TURKEY

Oaklins played a key role in facilitating this transaction

Oaklins’ team in Turkey advised the sole shareholder and management on the sale of Luna Elektrik Elektronik. The team built a structured process, developing significant interest internationally from core strategic buyers. Competitive offers from local private equity were also received in parallel. Oaklins’ team in Switzerland reached out to the ultimate buyer, Landis+Gyr.

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