Landis+Gyr has signed an agreement to acquire a 100% stake in Germany-based IoT cybersecurity firm Rhebo GmbH as part of efforts to strengthen the cybersecurity of its smart meters.
Since 2014, Rhebo has been helping industrial companies and critical infrastructures to seamlessly monitor their Operational Technology (OT) and critical IoT devices, and identify anomalies in their communications.
The company’s cybersecurity solution enables network operators and IoT device manufacturers to detect and mitigate novel cyberattacks, espionage activities, manipulation, and technical error states in real-time before an incident occurs.
Rhebo is a partner of the Alliance for Cyber Security of the Federal Office for Information Security (BSI), and is actively developing standards and technical guidance in the Teletrust – Bundesverband IT-Sicherheit e.V. and the Bitkom Security Management Working Group.
The cooperation with Landis+Gyr follows Rhebo’s strategy to also seamlessly secure critical IoT devices in industrial networks. Rhebo had already integrated its solution at sonnen GmbH in 2019 to enable the global security and operational monitoring of their energy storage systems. With the acquisition of Rhebo, Landis+Gyr can extend the functionalities of its high-performance smart metering devices with comprehensive cybersecurity and availability.
Rhebo’s experienced management team will continue to run the business in the future.
Rhebo CEO Klaus Mochalski, said: “The cooperation with Landis+Gyr is not only enabling Rhebo’s expansion.
“With the integration of Rhebo into Landis+Gyr’s Advanced Metering Infrastructure, critical infrastructures worldwide will also get a secure solution for the further digitalisation and automation of their services.”
Werner Lieberherr, CEO of Landis+Gyr, adds: “Rhebo detects anomalies and threats right down to the periphery of the network (grid edge) and therefore fits perfectly with our cybersecurity strategy.
“On behalf of all employees at Landis+Gyr, I warmly welcome the Rhebo team. We look forward to working together and making the advantages of this technology available to our customers.”
Kristin Preßler, the COO of Rhebo, reiterates: “We would like to thank our team as well our investors eCapital, Technologiegründerfonds Sachsen, Montan-Ventures-Saar and VNG Innovation for the good cooperation and the trust placed in us. We would also like to thank the team from Leipzig SpinLab Accelerator for their ongoing support and advice.”