The Rise of Smart Meters Promises Billions for Toshiba

Toshiba's stake sale Friday is set to raise $2.5 billion

Landis+Gyr AG, the world’s largest smart electricity meter manufacturer, is set to raise about $2.5 billion in its initial public offering Friday, the second leading smart-meter company to go public. The Swiss company, acquired by Toshiba Corp. for $2.3 billion in 2011, commands a 26 percent share of installed meters worldwide excluding China in a market that is likely to grow rapidly over the next three years, according to Bloomberg New Energy Finance. Cumulative smart meter deployments will almost double to 621.3 million in 2021, according to BNEF research.

    Before it's here, it's on the Bloomberg Terminal.