Landis+Gyr Group AG (Landis+Gyr), a leading provider of integrated energy management solutions company, has entered into a share purchase agreement through its subsidiary Landis+Gyr AG to acquire the shares of Luna Elektrik Elektronik Sanayi ve Ticaret A.Ş. (Luna), a provider of smart metering devices for electricity, water and heat and associated software solutions, with headquarters in Izmir, Turkey, for a high double digit million US Dollar purchase price. The transaction is expected to close by the end of 2021, subject to customary closing conditions and regulatory approvals.
Paksoy is pleased to announce that a team led by Nihan Bacanak (partner) and Meriç Saçak (associate) advised the legal and compliance team of Landis+Gyr on this transaction.
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