Landis+Gyr hires CS and Lazard

Swiss smart meter company Landis+Gyr has hired Credit Suisse and Lazard Ltd to advise on a sale of the company, people familiar with the matter said yesterday. Landis+Gyr, which could be worth well over $1bn, is expected to draw interest from multi-industry conglomerates such as General Electric, Danaher, Johnson Controls and Honeywell International, as well as industrial groups based in Europe.