Landis+Gyr (LAND:SIX) has announced that it has acquired Rhebo GmbH, a portfolio company of TGFS Technologiegründerfonds Sachsen. With the completion of the acquisition, Rhebo will become a wholly owned subsidiary of the Swiss group.

The spin-off of the Fraunhofer Institute for Transportation and Infrastructure Systems IVI has developed its own technology to determine the condition of a battery in real time. The TGFS participated together with the Fraunhofer Technology Transfer Fund (FTTF).