---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-058803"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:25:40.757248+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-058803
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/780571/000119312524058803/0001193125-24-058803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000119312524058803/d713468d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-058803
- JSON: https://secwatch.observer/filing/0001193125-24-058803.json
- Plain text: https://secwatch.observer/filing/0001193125-24-058803.txt

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