Itron to Acquire Urbint in $325M Deal to Expand AI Capabilities

Core Insights - Itron, Inc. has announced a definitive agreement to acquire Urbint, Inc. for $325 million, which will enhance Itron's portfolio in advanced technologies for utilities [1][8] - The acquisition is expected to close in the fourth quarter of 2025 [1][8] Acquisition Details - Urbint's AI-driven operational resilience solutions will strengthen Itron's existing offerings and help address industry challenges [2] - The acquisition aligns with Itron's mission to provide critical solutions to utilities, focusing on public safety, asset protection, and environmental considerations [2] Market Position and Growth Drivers - Itron has a solid backlog and is positioned to capitalize on trends in global energy, water, and smart infrastructure [3] - Growth is driven by factors such as data center demand, reindustrialization, electrification of transportation and homes, and automation of water infrastructure [3] Strategic Collaborations - Itron entered a joint marketing agreement with Current Lighting Solutions to enhance streetlighting systems through intelligent control and management technologies [4] Financial Outlook - Itron projects 2025 revenues between $2.35 billion and $2.4 billion, with an upward revision in full-year EPS outlook to a range of $6.00 to $6.20 [5] - The company has seen a 13% increase in its EPS outlook midpoint due to rising customer demand and improved operational efficiency [5] Stock Performance - Itron currently holds a Zacks Rank 2 (Buy) and has outperformed the Zacks Electronics - Testing Equipment industry, gaining 16.7% over the past year [6]