Itron Signs Definitive Agreement to Acquire Urbint, Inc

Core Insights - Itron, Inc. has signed a definitive agreement to acquire Urbint, Inc. for $325 million, which will be funded through cash on hand, with the transaction expected to close in Q4 2025 [1][2]. Company Overview - Itron is focused on transforming the management of energy, water, and city services through intelligent infrastructure solutions that enhance efficiency, resilience, and service reliability [3]. - Urbint aims to predict and prevent incidents threatening critical infrastructure, workers, communities, and the environment using real-world data and artificial intelligence [5]. Strategic Implications - The acquisition of Urbint is part of Itron's strategy to address pressing industry issues, enhancing its offerings with AI-powered operational resilience solutions [2]. - The integration of Urbint's technology is expected to help utilities manage challenges related to aging infrastructure and extreme weather, improving response times after major weather events and protecting underground assets [2].