M&A Deal Summary

Itron Acquires Actaris Metering Systems SA

On April 18, 2007, Itron acquired electrical equipment company Actaris Metering Systems SA from LBO France for 1.7B USD

Acquisition Highlights
  • This is Itron’s 1st transaction in the Electrical Equipment sector.
  • This is Itron’s largest (disclosed) transaction.
  • This is Itron’s 1st transaction in Luxembourg.

M&A Deal Summary

Date 2007-04-18
Target Actaris Metering Systems SA
Sector Electrical Equipment
Buyer(s) Itron
Sellers(s) LBO France
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Mayer Brown (Legal)

Target

Actaris Metering Systems SA

Luxembourg,, Luxembourg
Actaris Metering Systems SA engages in the design and manufacture of meters and associated systems for the electricity, gas, water and heat markets.Company innovative products and systems integrate the latest technologies to meet the evolving needs of public or private energy and water suppliers, utility services and industrial companies.

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Buyer(S) 1

Buyer

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 4 of 10
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 4 of 10
Country (Luxembourg) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-04 Silicon Energy

Alameda, California, United States

Silicon Energy Corp. is a provider of energy management software to reduce energy usage and lower energy costs. This software is used for aggregating "negawatts" or load shedding and for integrating Distributed Generation into the electric grid.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-08 Asais S.A.S.

Noisy le Grand,, France

Asais S.A.S.is an energy information management software and consulting services provider.The company has developed and implemented advanced energy information management solutions through state-of-the-art software and online services.

Buy -

Seller(S) 1

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 4 of 55
Sector (Electrical Equipment) 2 of 5
Type (Add-on Acquisition) 1 of 15
Country (Luxembourg) 2 of 4
Year (2007) 1 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-14 Gravotech

Rillieux-la-Pape, France

Gravotech is a designer, manufacturer, and distributor of innovative solutions for engraving, marking and artistic modeling. The company utilizes expertise to develop equipment, software, materials, training, and technical services to provide customers with complete solutions for every application. Gravotech was founded in 1938 and is based in Rillieux-la-Pape, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Tractel

Foetz, Luxembourg

Tractel provides lifting and access-related products. This includes lifting, material handling, measurement of tension and loads, suspended working platforms, building maintenance installations and fall arrest safety equipment. Tractel was founded in 1941 and is based in Foetz, Luxembourg.

Buy -