Itron, Inc. (NASDAQ: ITRI) has announced the signing of a definitive agreement to acquire Locusview, Ltd. and subsidiaries for $525 million.
The acquisition will be funded through cash on hand and is expected to close in January 2026.
Locusview, a utility-focused software and services company based in the United States and Israel, offers a digital construction management platform.
Acquisition Details
Purchase price: $525 million. Expected to close in January 2026. Transaction funded through cash on hand.
Strategic Fit
Locusview's platform enhances Itron's Resiliency Solutions offerings, addressing the need for grid build-out and operational efficiency.
Vision Alignment
Itron and Locusview share a vision for a connected, intelligent, and sustainable network, empowering utilities for smarter planning and faster operations.
- The acquisition of Locusview expands Itron's capabilities in digital construction management for critical infrastructure providers.
- The combination of Itron and Locusview is expected to drive the next wave of digital transformation in how grids and networks are built, maintained, and modernized.
The agreement with Locusview marks a pivotal moment for Itron, positioning them to lead the digital transformation in the management of energy and water resources.