Core Insights - Itron, Inc. has signed a definitive agreement to acquire Locusview, Ltd. for $525 million, which will be funded through cash on hand, with the transaction expected to close in January 2026 [1][2]. Group 1: Acquisition Details - The acquisition of Locusview aims to enhance Itron's Resiliency Solutions offerings, providing a scalable SaaS-based platform for digital construction management [2]. - Locusview's platform is designed to improve productivity and management of construction projects for critical infrastructure providers, addressing the need for increased grid build-out and operational efficiency [2]. Group 2: Strategic Vision - Itron's CEO emphasized the potential of the combined capabilities to empower utilities to plan smarter, build faster, and operate safer, leveraging real-time data for decision-making [2]. - Locusview's co-founder highlighted the acquisition as a pivotal moment for scaling operations and supporting the critical needs of infrastructure providers globally, aligning with Itron's vision for a connected and sustainable network [2][5]. Group 3: Company Background - Itron focuses on transforming the management of energy, water, and city services through intelligent infrastructure solutions that enhance efficiency and resilience [3]. - Locusview's mission is to empower infrastructure providers by optimizing capital investments and automating data capture in real-time, bridging the gap between design and operational systems [5].