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Itron, a provider of grid edge solutions, has announced the signing of a definitive agreement to acquire Urbint, a privately held software company based in Miami, Florida, USA.
The purchase price for the acquisition is $325 million and will be funded through cash on hand. The transaction is expected to close during the fourth quarter of 2025, Itron said.
Urbint’s software is meant to predict threats to workers and critical infrastructure to stop incidents before they happen. Leveraging real-world data and artificial intelligence, Urbint’s software delivers a picture of risk in advance.
“The addition of Urbint to Itron’s portfolio signifies another step in the execution of our strategy to enable Itron’s customers to address the most pressing issues in the industry today,” commented Tom Deitrich, Itron’s president and CEO. “Urbint’s AI-powered operational resilience solutions enhance Itron’s existing offerings. We are thrilled to welcome the Urbint team to the organization.”
“We are excited to join Itron and believe this gives Urbint an opportunity to accelerate our mission of building resilience alongside the industry leader in technology for utilities,” said Corey Capasso, founder and CEO of Urbint, Inc. “Itron has built a legacy of providing mission critical solutions to utilities which directly aligns with Urbint’s operational resilience solutions that protect the public, workers, assets, and the environment. As utilities manage the collision of aging infrastructure and extreme weather, Urbint’s solutions help restore power faster after major weather events, prevent serious injuries and fatalities to workers, and protect underground assets from third party damages that cause gas leaks and power outages.”
Earlier this year, Itron launched its new IntelliFLEX solution, a grid edge DERMS solution which facilitates real-time visibility, control and optimisation of behind-the-meter DERs. With utilities facing a rapid increase in DERs, Itron’s modular, scalable solution is meant to reduce the need for costly infrastructure upgrades. By leveraging Itron’s Grid Edge Intelligence portfolio, Itron argues its IntelliFLEX solution enables utilities to integrate more DERs, such as electric vehicles and solar, unlocking up to 20% more capacity in the distribution grid.
Additionally, Itron and Schneider Electric, known for its energy management and automation, recently announced they are expanding their collaboration with Microsoft to deliver a comprehensive Grid Edge Intelligence solution meant to address utility grid visibility and control challenges. This collaboration takes advantage of Itron’s distributed intelligence technology, accelerating the path to bring grid edge intelligence to the utility control center.
This is meant to improve grid reliability by establishing high-bandwidth, real-time and scalable data integration between the companies’ systems and enable the use of AI and big data analytics. For utilities, this means a range of new use cases that could help improve overall efficiency of the distribution system, its reliability and service restoration during unplanned events.
Originally published by Sean Wolfe on Factor This
