Overview of the Sale#
Landis+Gyr Group AG, based in Switzerland, has announced the sale of its cybersecurity division, Rhebo GmbH, to Everfield Germany GmbH, a European investor specializing in business-to-business software. The deal is valued in the high single-digit million dollar range and is pending regulatory approvals.
About Rhebo#
Founded in 2014 and located in Leipzig, Germany, Rhebo specializes in security monitoring and anomaly detection for industrial networks and the Industrial Internet of Things (IIoT). This division has been part of Landis+Gyr since 2021, and the sale aligns with Landis+Gyr's strategy to concentrate on its core business areas.
Strategic Focus#
Todd Wiedman, the former CEO of Rhebo, emphasized that this divestiture is part of Landis+Gyr's effort to sharpen its strategic focus. The company, which has a market capitalization of $405 million, is currently working to address profitability challenges while maintaining its commitment to dividends. The stock is trading at $9.69, which some analysts suggest may be undervalued.
Everfield's Role#
Everfield is known for its buy-and-hold investment strategy in specialized software businesses across Europe. Oscar Koberling, Country Manager for DACH at Everfield, noted that Rhebo's strong market position and technical expertise in operational technology (OT) security will enhance Everfield's capabilities.
Additional News#
In related news, Gladstone Land Corporation reported mixed results for its fourth quarter of 2025, with earnings per share falling short of expectations but revenue exceeding forecasts. The company also announced new equity distribution agreements and appointed John Sateri as chief investment officer. Meanwhile, Landis+Gyr has completed the sale of its Europe, Middle East, and Africa business to AURELIUS, following the necessary regulatory approvals.