Honeywell International, Goldman Sachs Group Inc’s private equity arm and an investor group including CVC Capital Partners and Hitachi Ltd have made bids for Toshiba Corp.’s Landis+Gyr, Bloomberg reported.
BC Partners and Onex Corp have also made offers, the story said. The next round of bids may be due in July, Bloomberg said. Toshiba and the Innovation Network Corp. of Japan acquired Landis+Gyr, which makes smart electricity meters, in 2011 for $2.3 billion including debt. Toshiba is considering strategic alternatives as well as an IPO for Landis+Gyr, Bloomberg said.