Core Insights - Itron, Inc. has signed a definitive agreement to acquire Locusview, Ltd. for $525 million, expected to close in January 2026 [1][8] - The acquisition aims to enhance Itron's Resiliency Solutions portfolio and improve infrastructure deployment capabilities for utility providers [2][8] - Itron is actively pursuing acquisitions to strengthen its digital and operational intelligence offerings amid macroeconomic pressures [3][4] Acquisition Details - Locusview's platform is designed for utility construction management, providing a scalable SaaS solution that improves productivity and project management [2] - The acquisition of Urbint, Inc. for $325 million is also planned to enhance Itron's AI and safety analytics capabilities, expected to close in Q4 2025 [4] - Itron's acquisition strategy includes previous purchases like Elpis Squared, aimed at optimizing energy distribution [5] Financial Performance and Outlook - Itron's Networked Solutions segment generated 73.9% of total revenues in Q3 2025, amounting to $365.4 million, driven by connected infrastructure projects [5] - The company is facing softer near-term demand, leading to a reduction in 2025 revenue outlook to $2.35–$2.36 billion and a fourth-quarter revenue guidance of $555–$565 million [6][8] - Itron's bookings for 2025 are expected to fall below the 1:1 target due to delays in customer decisions and macroeconomic uncertainties [6] Market Position - Itron currently holds a Zacks Rank of 3 (Hold), with its stock declining 20.8% over the past year, compared to a 13.5% decline in the Zacks Electronics - Testing Equipment industry [7]