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Landis+Gyr’s Pequot Lakes office is a 47,000-square-foot facility that employs a

Toshiba to buy Landis+Gyr for $2.3 billion

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Landis+Gyr, the Swiss-based company with a facility in Pequot Lakes, is being sold to Tokyo-based Toshiba for $2.3 billion in cash, it was learned Thursday. 

Landis+Gyr employs about 190 people in the 47,000-square-foot Pequot Lakes facility. 

Calls for comment from the Pequot Lakes’ office were referred to the company’s New York office. 

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