Landis+Gyr AG of Zug will take over the ripple control system business of Siemens Switzerland as of 1 September 2008

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Effected with the signing of the contract, a total of 14 employees transfer from Siemens Switzerland to Landis+Gyr AG. Thereby assured is that the ripple control system business can be executed on a solid basis also in the future. For Landis+Gyr the ripple control system business is an expedient complement to its current portfolio as well as a targeted strengthening of resources with experienced specialists. These will find a new workplace as of October 2008 in Fehraltorf, where the corporation from Zug already engages some 60 employees in its competence center for Load Management.