Strategic acquisition of advanced software technology and
consulting services company broadens Itron platform
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron Inc. (NASDAQ: ITRI) announced today that it has reached an
agreement to acquire Asais, an energy information management software
and consulting services provider, headquartered in France, for an
undisclosed sum. The transaction is expected to be completed in the
first quarter of 2011.
Asais is a leader in energy information management and multi-vendor data
collection capabilities. For the past 25 years, the company has
developed and implemented advanced energy information management
solutions through state-of-the-art software and online services. Asais
delivers competitive flexibility to every segment of the energy industry
by providing customers with data collection, data analysis and smart
grid management software solutions and services.
Itron has been partnering with Asais globally for the past four years.
Joint projects include smart metering and smart grid initiatives with
many major utilities across Europe, Africa and the Middle East. The
acquisition enables Itron to offer integrated, end-to-end solutions with
a strong expertise in energy information management and
efficiency—fundamental components for success in today's utility
industry.
Asais' leading data collection software will complement Itron's
field-proven meter data management and analytics systems, creating a
platform for successful smart metering deployments in Europe and across
the globe. In return, Itron will provide Asais opportunities for
accelerated growth into international markets. Asais' consultancy
expertise will afford Itron's utility customers expanded options to
optimize the management of their resources.
Marcel Regnier, senior vice president and chief operating officer, Itron
International, said: "We are delighted to welcome Asais to our team and
are very excited about this acquisition, as it strengthens our position
as the leader in end-to-end smart grid and smart distribution solutions.
Utilities today prefer to rely on a single, trusted partner for their
energy management solutions. Thanks to this union of highly skilled
teams, Asais and Itron will deliver invaluable experience and expertise
in energy information management and data collection software. Together,
Itron and Asais can provide flexible, scalable solutions for customers
worldwide."
Thierry Poyatos, Asais managing director, commented, "This acquisition
is the result of many years of working closely with Itron, a partnership
that has already led to multiple major successes. Formally joining Itron
is an exciting opportunity for our talented people, who now have the
ability to demonstrate their smart grid and energy management skills on
a global stage. Asais will continue to develop multi-vendor solutions in
response to increasing demand for technologies that ensure
interoperability. We are also committed to maintaining class-leading
customer service for our existing clients who have put their trust in
Asais for over a quarter century."
About Itron:
At Itron, we're dedicated to delivering end-to-end smart grid and smart
distribution solutions to electric, gas and water utilities around the
globe. Our company is the world's leading provider of smart metering,
data collection and utility software systems, with nearly 8,000
utilities worldwide relying on our technology to optimize the delivery
and use of energy and water. Our offerings include electricity, gas,
water and heat meters; network communication technology; collection
systems and related software applications; and professional services. To
realize your smarter energy and water future, start here: www.itron.com.
Itron International Communications Director
Isabelle Sevegrand
Phone:
+33 5 49 62 70 44
isabelle.sevegrand@itron.com
Source: Itron Inc.
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