Landis+Gyr Group AG (SWX:LAND) will look for acquisitions. Richard Mora, Chief Executive Officer, said “In the last four fiscal years Landis+Gyr has generated on average annual Free Cash Flow (excluding M&A) of over $80 million and expects continuing strong cash flow from future earnings .Maintaining its conservative financial policy, Landis+Gyr expects to have sufficient funds to further invest in both R&D and capital expenditure, as well as to expand, as appropriate, the Group's technology, market reach and to undertake bolt-on acquisitions, in addition to this share buyback program.”