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Activist Spectrum Entrepreneurial has a stake in Landis+Gyr, and it may be poised to build value

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Summary
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Landis+Gyr Group is a Switzerland -based company primarily engaged in the electrical components and equipment manufacturing business.

It specializes in metering solutions for electricity, gas, heat/cold and water for energy measurement solutions for utilities.

Today , Landis is trading well below its IPO price, down over 35% . It is also significantly undervalued, trading around 7.5 -times enterprise value/EBITDA, compared to its Nasdaq-listed pure-play peer Itron .

A change in listing location, likely to a U.S. exchange, would also make sense considering that this Swiss company is generating most of its profits in the region.

This is a strategy which Cevian pushed for at both CRH and Pearson .

Landis is a story of a failed equity with somewhat of an insular board.