In 2015, the company invested USD 150 million in R&D. In 2015, 2014, and 2013, Landis+Gyr’s total R&D investment was approximately 9.6%, 9.7%, and 8.3% of its total revenue. The company has set up 25 R&D labs across the globe to maintain a competitive edge in the market. Landis+Gyr’s smart metering technology has gained worldwide recognition as the company has installed more than 300 million meter-based devices and owns 14 million endpoints for managed services.