---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-21-001317"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2021-11-03T23:59:59+00:00"
generated_at: "2026-06-28T14:41:43.286156+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Itron sells gas regulator & European C&I gas metering ops to Dresser for $75M

## Summary
- Sale price $75M; pre-tax loss of $30-40M expected upon close in H1 2022 due to $58-62M FX translation losses.
- Restructuring plan approved with $65-75M pre-tax charges ($60-65M cash); $15-20M annual savings targeted by end of 2024.
- Cash proceeds estimated at $62-63M; net assets of businesses $35-40M.
- Itron employees supporting global gas regulator and European C&I gas meters will transfer to Dresser.
- Divestiture includes Itron GmbH (Germany), Argenteuil facility (France), and certain North American contract manufacturing assets.

## SEC filing metadata
- accession: 0001157523-21-001317
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2021-11-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/780571/000115752321001317/0001157523-21-001317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000115752321001317/a52520572.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-21-001317
- JSON: https://secwatch.observer/filing/0001157523-21-001317.json
- Plain text: https://secwatch.observer/filing/0001157523-21-001317.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.