secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001193125-24-058803
Event type: m_and_a
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000119312524058803/0001193125-24-058803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000119312524058803/d713468d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-058803

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer