Itron - M&A Summary and Business Overview

Test/measurement EquipmentCompany

Itron M&A Summary

Itron has acquired 14 companies, including 1 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 1 asset.

Itron’s largest acquisition to date was in 2007, when it acquired Actaris Metering Systems SA for $1.7B. Itron has acquired in 5 different US states, and 4 countries. The Company’s most targeted sectors include software (40%) and information technology (10%).

Itron Business Overview

Where is Itron headquartered?

Itron is headquartered in Liberty Lake, Washington.

What is Itron’s revenue?

Itron disclosed revenue of 2,174M USD for 2023 and 1,796M USD for 2022.

How many employees does Itron have?

Itron has 5,081 employees.

What sector is Itron in?

Itron is a test/measurement equipment company.

When was Itron founded?

Itron was founded in 1977.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity10
    • M&A Sell Activity1
  • Total Sectors Invested 7
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 10
  • M&A Advisors 6

Itron

Itron, Inc.

2111 N Molter Rd,
Liberty Lake, Washington 99019
United States,
(509) 924-9900
www.itron.com

Itron is a technology and services company dedicated to the resourceful use of energy and water. Company provide comprehensive solutions that measure, manage and analyze energy and water. Itron was founded in 1977 and is based in Liberty Lake, Washington.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 9 - - - - 1 10
vol $2.8B $2.8B
Sell (0.2/yr) # - - 1 - - - 1
  11

Most Recent M&A

Company Date Value Type
Elpis2, Inc. 2024-03-05 - Add-on Acquisition
Newport Beach, California · www.elpis2.com
Itron - Global Gas Regulator and European C&I Gas Metering Business 2021-11-03 - Divestiture
Liberty Lake, Washington
Silver Spring Networks, Inc. 2017-09-18 830M USD Add-on Acquisition
Redwood City, California · www.silverspringnet.com
Comverge, Inc. 2017-06-01 100M USD Add-on Acquisition
Norcross, Georgia · www.comverge.com
SmartSynch, Inc. 2012-05-01 100M USD Add-on Acquisition
Jackson, Mississippi · www.smartsynch.com
C&N Engineering, LLC 2011-01-04 - Add-on Acquisition
Pennsylvania, United States
Asais S.A.S. 2010-12-08 - Add-on Acquisition
Noisy le Grand,, France · www.asais.fr
Actaris Metering Systems SA 2007-04-18 1.7B USD Add-on Acquisition
Luxembourg,, Luxembourg
Silicon Energy Corp. 2003-03-04 - Add-on Acquisition
Alameda, California
eMobile Data Corp. 2002-10-02 6M USD Add-on Acquisition
Richmond, British Columbia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 4 (40%) 48M (2%) - -
Communications 1 (10%) 100M (4%) - -
Electrical Equipment 1 (10%) 1.7B (61%) - -
Information Technology 1 (10%) - - -
Internet Software and Services 1 (10%) 830M (30%) - -
Test/Measurement Equipment 1 (10%) - - -
Utilities 1 (10%) 100M (4%) - -
Business Services - - 1 (100%) -
Total 10 $2.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 7 1.1B 1 -
  California 3 830M - -
  Washington 1 42M 1 -
  Mississippi 1 100M - -
  Georgia 1 100M - -
Canada 1 6M - -
  British Columbia 1 6M - -
France 1 - - -
Luxembourg 1 1.7B - -
Domestic 7 (70%) 1.1B (39%) 1 (100%) -
Cross-border 3 (30%) 1.7B (61%) - -
Total 10 $2.8B 1 -

Top M&A Advisors

Financial Deals
Centerview Partners
 2
Credit Suisse Investment Banking
 1
UBS Investment Bank
 1
Legal Deals
Jones Day
 1
Gibson, Dunn & Crutcher
 1
Perkins Coie
 1

Deal Values

buy # Total
> $1B 1 $1.7B
$100M to $1B 1 $830M
< $100M 4 $248M
TOTAL $2.8B
Largest Actaris Metering Systems SA
$1.7B (2007-04-18)

M&A Connections

Deals
Acquired from
Investor(s)
50%
5 (50%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Test/Measurement Equipment

Revenue

2,174   22% 2023
1,796   10% 2022
1,982   9% 2021
2,173   14% 2020
2,502   6% 2019
2,376   18% 2018
2,018   1% 2017
2,013   7% 2016
1,884   5% 2015
1,971   2% 2014
1,948   11% 2013
2,178   2012
(millions of USD) Show More Show Less

Employees

5,081

Established

1977

Public

NASDAQ: ITRI

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Washington Companies , Test/Measurement Equipment Companies , United States Companies , Washington Test/Measurement Equipment Companies , Washington Test/Measurement Equipment with Acquisitions , Washington Test/Measurement Equipment with Divestitures

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