Itron Mergers and Acquisitions Summary

Test/measurement EquipmentCompany

Itron has acquired 13 companies. 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 (45%) and internet software and services (12%).

Join Mergr and gain access to Itron’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the test/measurement equipment sector.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity9
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • 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 ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.0/yr) # 9 - - - - - 9
vol $2.8B $2.8B
Sell (0.2/yr) # - - - 1 - - 1
  10

Most Recent M&A

Company Date Value Type
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
LineSoft Corp. 2002-03-13 42M USD Add-on Acquisition
Spokane, Washington
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 4 (44%) 48M (2%) - -
Communications 1 (11%) 100M (4%) - -
Electrical Equipment 1 (11%) 1.7B (61%) - -
Internet Software and Services 1 (11%) 830M (30%) - -
Test/Measurement Equipment 1 (11%) - - -
Utilities 1 (11%) 100M (4%) - -
Business Services - - 1 (100%) -
Total 9 $2.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 6 1.1B 1 -
  California 2 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 6 (67%) 1.1B (39%) 1 (100%) -
Cross-border 3 (33%) 1.7B (61%) - -
Total 9 $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 LLP
 1
Perkins Coie LLP
 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)
56%
5 (56%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Test/Measurement Equipment

Revenue

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

4,822

Established

1977

Public

NASDAQ: ITRI

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