M&A Deal Summary

Dresser Utility Solutions Acquires Itron - Global Gas Regulator and European C&I Gas Metering Business

On November 3, 2021, Dresser Utility Solutions acquired business services company Itron - Global Gas Regulator and European C&I Gas Metering Business from Itron

Acquisition Highlights
  • This is Dresser Utility Solutions’ 1st transaction in the Business Services sector.
  • This is Dresser Utility Solutions’ 1st transaction in the United States.
  • This is Dresser Utility Solutions’ 1st transaction in Washington.

M&A Deal Summary

Date 2021-11-03
Target Itron - Global Gas Regulator and European C&I Gas Metering Business
Sector Business Services
Buyer(s) Dresser Utility Solutions
Sellers(s) Itron
Deal Type Divestiture

Target

Itron - Global Gas Regulator and European C&I Gas Metering Business

Liberty Lake, Washington, United States
Itron's Global Gas Regulator and European C&I Gas Metering Business provider in Liberty Lake, Washington.

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Buyer(S) 1

Buyer

Dresser Utility Solutions

Houston, Texas, United States

Category Company
Founded 1880
Sector Energy Services and Equipment
DESCRIPTION

Dresser Utility Solutions is a global original equipment manufacturer of commercial and industrial natural gas meters and pipeline repair products. Dresser Utility Solutions has highly accurate, scalable manufacturing capabilities for proprietary dresser products including natural gas meters and instruments and gas pipeline solutions, as well as additional manufacturing of chemical injection pumps and electric actuators. Dresser Utility Solutions was founded in 1880 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Total Piping Solutions

Olean, New York, United States

Total Piping Solutions is a manufacturer and distributor of an innovative, value added products for pipe tapping, repair and joining. Total Piping Solutions is based in Olean, New York.

Buy -

Seller(S) 1

SELLER

Itron

Liberty Lake, Washington, United States

Category Company
Founded 1977
Sector Test/Measurement Equipment
Employees5,081
Revenue 2.2B USD (2023)
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-18 Silver Spring Networks

Redwood City, California, United States

Silver Spring Networks, Inc. is a provider of networking platform, software and services that enable energy networks to perform brilliantly at enormous scale. Silver Spring Networks was founded in 2002 and is based in Redwood City, California.

Buy $830M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Elpis Squared

Newport Beach, California, United States

Elpis Squared is a provider of software and services for utility grid operations. Elpis Squared was founded in 2013 and is headquartered in Newport Beach, California.

Buy -