Toshiba strengthens Landis+Gyr with Consert acquisition

Toshiba has announced its acquisition of Consert, a privately owned energy-management company, and plans to integrate the company with the North American operations of Landis+Gyr, its energy subsidiary.

The financial terms of the deal were not disclosed, but Toshiba (Tokyo, Japan) says the purchase will enhance its smart-community business in the US.

Consert (Raleigh, USA) specializes in converting electric consumption in homes and small businesses into energy reserves for utilities.

Toshiba has announced its acquisition of Consert, a privately owned energy-management company, and plans to integrate the company with the North American operations of Landis+Gyr, its energy subsidiary.

The financial terms of the deal were not disclosed, but Toshiba (Tokyo, Japan) says the purchase will enhance its smart-community business in the US.

Consert (Raleigh, USA) specializes in converting electric consumption in homes and small businesses into energy reserves for utilities.

Its Virtual Peak Plant (VPP) service is aimed at helping utilities to improve their forecasting and capacity management, and also provides real-time outage management information and remote service connections.

Toshiba says it will improve customer service besides end-consumer communications and energy efficiency.

“Consert adds significantly to our smart community portfolio and advances our ability to propose industry-leading solutions in power supply and demand,” said Takeshi Yokota, Toshiba corporation executive officer and corporate vice president. “We are now better positioned to support major utilities in generating and delivering stable power supply and to ensure end-user environments that optimize energy use and maximize energy savings.”

Landis+Gyr (Zug, Switzerland) says Consert’s know-how and technology will be integrated with its Smart Community Division.

“We see the addition of the VPP as an important extension of our current offering and our first true demand response platform,” said Richard Mora, Landis+Gyr’s president and chief executive for the Americas region. “Customer interest in this solution, allowing their consumers to manage energy better, is extremely high.”

According to Consert, the takeover validates its assertion that the VPP can create and leverage a smarter grid.