ITRON, INC.

Itron, a spinoff of Spokane-based Avista Corp., formerly Washington Water Power Co., was founded in 1977 in Hauser Lake, Idaho when a small group of engineers wanted to build a more efficient way to read utility meters. In 1984, Itron experienced global expansion into the Asian market and developed new manufacturing plants in France and the U.K. By 2006, Itron consulting teams were created to offer services for energy efficiency programs, renewables, conservation and demand response. In 2010, Itron was recognized for its commitment to U.S.-based manufacturing when President Obama announced the award of $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States.

Within the same year, Itron and Cisco formed an alliance to deliver Internet Protocol (IP) communications to the smart grid market thus changing networking capabilities for utilities. Itron is a founding member of the Smart Cities Council, having joined in 2013. Itron is also a partner of Microsoft CityNext helping with global Smart City initiatives. After developing Itron OpenWay Riva adaptive communications technology (ACT), Itron launched the Itron Riva Developers Community for the Internet of Things, for developers interested in developing software applications for the IoT space.

Itron completed its acquisition of Silver Spring Networks in January 2018; both are American providers of smart meters, grid networks, and software and services. Silver Spring's Gen5 platform, which provided many of the same features as Itron's OpenWay Riva, has been integrated into a common framework.

Acquisitions

2024 - Itron acquires Elpis Squared 2021 - Itron acquires SELC, a Street Lighting Controls company 2017 - Itron acquires Silver Spring Networks 2017 - Itron acquires Comverge 2012 - Itron acquires SmartSynch, cellular communications and also acquires C&N GasGate Technology for enhanced smart gas distribution systems. 2007 - Itron acquires Actaris Metering Systems. 2004 – Itron acquires Schlumberger Electricity Metering. 2002 - Itron acquires software for distributed system design, field workforce management and energy forecasting. 1996 - Itron acquires UTS, bringing MV-90 metering software application to its product portfolio. 1995 - AEG Meters are acquired with production sites in Italy, Germany, Spain & South Africa. 1993 – Itron acquires two German companies, Heliowatt and Danyl. 1989 - Itron acquires a number of metering companies including Thorn Emi Gas Metering in the U.K. and Bosco Spa in Italy.