Itron completes $100 million purchase of SmartSynch
Itron, Inc. has finished buying SmartSynch for $100 million.
The Liberty Lake company said today the acquisition strengthens its cellular communications offering and will bring greater choice to utility customers across the spectrum of smart metering deployments.
Jackson, Miss.-based SmartSynch is the leading provider of point-to-point smart grid solutions using a cellular network for communications. It has more than 130 customers, including nine of the top 10 utilities in North America.
Most recently, SmartSynch’s technology was selected by Consumers Energy for a cellular smart grid network serving 1.9 million electric customers.
Itron provides energy and water resource management solutions for nearly 8,000 utilities around the world. It has more than 9,000 employees doing business in more than 130 countries.
