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Media Release ● ● Cham , Switzerland - January 27th , 2021 – Landis + Gyr ( LAND.SW ) today holds its Capital Markets Day with Executive Management providing an update on the industry , strategy , operations and financial targets . Highlights include : ● ● Landis + Gyr Capital Markets Day 2021 and Acquisition of Rhebo ● Landis Gyr ● Imanage energy better Google partnership will drive innovation to accelerate digitalization and the transition to cloud - based services for Landis + Gyr's portfolio and across the industry Acquisition of Rhebo , a leading technology provider of cybersecurity solutions to protect critical infrastructure , will strengthen Landis + Gyr's position in this growing market ● Balance sheet strength enables continued investments in R & D and further acquisitions to transform the business and position it for longer - term growth Global megatrends of sustainability , digitalization and increasing energy demand reinforce the need for grid edge intelligence and smart infrastructure Mid - term FY 2023 financial targets are published ; the dividend policy is revised FY 2020 guidance remains unchanged ; a legacy goodwill impairment of approx . USD 400 million will be recognized in H2 FY 2020 Recalibrated strategic direction , building on the existing strategic pillars of " smart metering " , " grid edge intelligence " and " smart infrastructure ” Several US utilities have obtained regulatory approval , confirming the recognized benefits of smart metering and grid edge intelligence technology Landis + Gyr has signed up to the UN Global Compact and is committed to contributing towards the UN Sustainable Development Goals Werner Lieberherr , Landis + Gyr`s Chief Executive Officer , said : " Our strategic vision is driven by the desire to provide unrivaled customer value as the leading partner for energy and resource management solutions with sustainability at the heart of everything we do . Our strategy is designed to broaden our core offerings of smart metering and further expand our reach in grid edge intelligence and smart infrastructure with the intention to transform the business and to position Landis + Gyr for longer - term profitable growth . In the mid - term guidance period , we are recovering from COVID - 19 effects , solidifying our position with a sharp focus on execution and a commitment to continue investing in R & D . Especially in light of the challenges presented by COVID - 19 , our teams across the globe have demonstrated a level of resilience and dedication towards customers and each other that deserves recognition . If there is one concept that sums up our mindset , then I think it is ' Fostering a Culture of Excellence ' . We are proud to join forces with Google Cloud to combine their leading capabilities in data analytics , artificial intelligence and machine learning with our leading expertise in smart metering and grid edge intelligence . This first - of - its - kind in the industry , multi - year strategic partnership will position us well to remain at the forefront of technological advances . By enabling utilities to manage grid operations with increased visibility while empowering consumers to utilize energy in a more informed and sustainable way , this partnership will advance our efforts in smart infrastructure , enabling smart cities