Itron completes $35M acquisition of Elpis Squared for grid edge analytics

ITRON, INC.

Acquisition closed March 1, 2024; purchase price $35M with working capital adjustment, funded from cash on hand.
Elpis Squared's RE|Grid Suite adds grid planning, operations, and engineering to Itron's Grid Edge Intelligence portfolio.
Integrated solutions expected available Q4 2024; targets improved grid modeling, asset planning, and wildfire mitigation.
Elpis Squared has over 10 years of operational experience with large North American investor-owned utilities.
Acquisition accelerates Itron's product roadmap to help utilities manage the energy transition.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.