Security start-up Rhebo gets new owner

The Swiss company Landis+Gyr becomes the new shareholder.

The gas trading group VNG has sold its shares in the Leipzig-based cyber security start-up Rhebo. The measurement technology provider Landis+Gyr becomes the new owner of the company. VNG Innovation had been a strategic partner in the industrial security start-up since 2018. Landis+Gyr will now be the sole shareholder in Rhebo GmbH, as all other shareholders have also sold their shares. The Swiss group intends to use Rhebo's IT security technology in its products. The proceeds of the sale are not known.

"Our aim is to invest in young, up-and-coming companies in the early seed phase in order to provide them with the best possible support as a strategic partner on their growth path," write the two VNG managing directors Matthias Tischner and Andreas Päts. "We now know that the young Leipzig-based company is in good hands with Landis+Gyr."

Rhebo was founded in 2014 and is a service provider for cyber security for producers and utilities in the gas, electricity and water sectors as well as industrial customers. "With the integration of Rhebo into Landis+Gyr's Advanced Metering Infrastructure, critical infrastructures worldwide will also receive a secure solution for the further digitalization and automation of their services," says Rhebo CEO Klaus Mochalski.