On October 6, 2025, Itron, Inc. announced today the signing of a definitive agreement to acquire Urbint, Inc., a privately held software company based in Miami, Florida. The purchase price is $325 million, to be paid in cash from Itron’s on‑hand balance, and the transaction is expected to close during the fourth quarter of 2025.
Urbint specializes in AI‑powered operational resilience solutions that help utilities predict and prevent incidents such as power outages, worker injuries, and infrastructure damage. By integrating Urbint’s technology, Itron will strengthen its Grid Edge Intelligence portfolio, offering customers faster restoration after weather events and enhanced protection of underground assets. The acquisition aligns with Itron’s strategy to expand its AI capabilities and deepen its value proposition for utilities and cities.
Financially, the $325 million outlay represents roughly 13% of Itron’s 2024 revenue of $2.44 billion and will be funded entirely from cash on hand, leaving the company’s debt profile unchanged. The deal is expected to generate synergies through cross‑selling Urbint’s solutions to Itron’s existing customer base and by leveraging Itron’s global sales network to accelerate Urbint’s market penetration. The transaction also positions Itron to capture a larger share of the growing operational resilience market, which is projected to expand as utilities face increasing climate‑related risks.
For investors, the acquisition signals a strategic shift toward AI‑driven resilience services, potentially unlocking new revenue streams and enhancing competitive differentiation. The integration of Urbint’s software is expected to complement Itron’s hardware and analytics offerings, creating a more comprehensive end‑to‑end solution for utilities. As the deal closes, Itron will likely see incremental revenue growth and margin improvement from the added high‑margin software business.
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