Itron, Inc. (NASDAQ: ITRI) has announced the signing of a definitive agreement to acquire Locusview, Ltd. and its subsidiaries for a purchase price of $525 million, to be funded through cash on hand. The transaction is expected to close during January of 2026. Locusview is a privately held utility-focused software and services company based in the United States and Israel.
Itron's president and CEO, Tom Deitrich, noted that the acquisition of Locusview's digital construction management platform will expand Itron’s Resiliency Solutions offerings to its customers. The scalable SaaS-based business of Locusview is purpose-built to help critical infrastructure providers improve the productivity and management of construction projects.
Shahar Levi, co-founder and CEO of Locusview, expressed excitement about the acquisition, stating that it marks a pivotal moment for Locusview and its customers, allowing them to scale operations and accelerate their mission to support the critical needs of infrastructure providers globally.
Itron is known for transforming how the world manages energy, water, and city services, offering intelligent infrastructure solutions to help utilities and cities improve efficiency, build resilience, and deliver safe, reliable, and affordable service. On the other hand, Locusview's mission is to empower critical infrastructure providers to scale construction operations and optimize their capital investments through an enterprise-scale Digital Construction Management platform.
The acquisition is expected to create an exciting platform for the future, as it will enable utilities to plan smarter, build faster, and operate safer with real-time data driving every decision from the field to the boardroom.
This move reflects Itron's vision for a connected, intelligent, and sustainable network, and the company aims to create a more resourceful world. Today the company's shares have moved -1.01% to a price of $98.46. For the full picture, make sure to review ITRON, INC.'s 8-K report.
