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flag SEO, owning 5% of Landis+Gyr, pressures firm to shift focus and exit EV charging, amid reduced forecasts.

flag Spectrum Entrepreneurial Ownership (SEO), an activist investment firm, owns a 5% stake in Landis+Gyr, a company that provides advanced metering and smart grid solutions. flag SEO acquired its stake in July 2024 and gained a board seat in August. flag Since then, Landis+Gyr has reviewed its business strategy, focusing more on the Americas and considering a U.S. listing. flag The company recently reduced its revenue forecast by 8% and plans to exit its EV charging business in EMEA, facing expected impairment charges of up to $45 million.

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