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SEO, owning 5% of Landis+Gyr, pressures firm to shift focus and exit EV charging, amid reduced forecasts.
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.
SEO acquired its stake in July 2024 and gained a board seat in August.
Since then, Landis+Gyr has reviewed its business strategy, focusing more on the Americas and considering a U.S. listing.
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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SEO, dueño del 5% de Landis+Gyr, presiona a la empresa para cambiar de enfoque y salir de la carga de EV, en medio de previsiones reducidas.