Itron Inc.
History
| Year | Detail |
|---|---|
| 1977 | Itron was founded by a small group of engineers who were intent on finding more efficient ways to read meters in Hauser Lake, Idaho. |
| 1978 | The company launched The A6, the industry's first polyphase, single-disk meter. |
| 1979 | The company launched the hybrid electromechanical J5S residential meter, a staple of the electricity metering industry. |
| 1986 | The company launched two new lines of water meters: Flostar, a single-jet, class C residential meter, and Woltex, a class B, Woltmann-type meter with a horizontal helix. |
| 1987 | Itron acquired two companies in Europe: Allmess Congermania, a provider of metering products based in Germany, to enhance its portfolio in metering and data collection, and Conteuro Rigas, a metering systems specialist based in Italy, to expand its portfolio in Southern Europe. |
| 1989 | The company acquired Thorn EMI Gas Metering (U.K.), a well-established company in the gas metering market, to gain expertise in gas measurement technology and advanced metering systems. |
| 1989 | The company acquired Bosco S.p.A., a water and gas metering system supplier in Italy, to strengthen its position in the Italian market, particularly in the water metering sector. |
| 1993 | The company acquired two German companies, Heliowatt, a manufacturer of energy metering equipment, and Danyl, a company specializing in automated meter reading technology. |
| 1995 | AEG Meters, a well-known manufacturer of electrical meters and associated technologies with production sites in Italy, Germany, Spain, and South Africa, was acquired by the company. |
| 1996 | Itron acquired UTS, bringing MV-90, an industry-leading metering software application, to Itron's software portfolio to collect, analyze, and apply advanced meter data from commercial and industrial energy users. |
| 1998 | The company launched Talexus Vendor, the world's first dual-energy (electricity and gas) prepayment system. Payments are collected via smart card. |
| 2004 | The company released an ACE4000 electricity meter compatible with PLC and radio-frequency communication technologies that became a commercial success. |
| 2004 | Itron acquired Schlumberger Electricity Metering, the industry leader in solid-state electricity metering technology, and further created an integrated platform for developing and collecting meter data. |
| 2006 | Itron transformed how water utilities monitor distribution system integrity by acquiring acoustical leak detection technology from Flow Metrix, Inc. |
| 2007 | The company acquired Actaris Metering Systems to expand globally by adding gas and water metering products to the portfolio. |
| 2010 | Cisco and Itron partnered to deliver actual Internet Protocol (IP) communications to the smart grid market, revolutionizing utilities' networking capabilities. |
| 2012 | In partnership with Cisco, Itron launched an innovative grid platform, delivering on its vision to create a secure, scalable, and multi-service IPv6-based communications architecture. |
| 2012 | Itron acquired privately held SmartSynch, thus strengthening Itron's cellular communications offering and bringing flexibility to utility customers across the spectrum of smart metering deployments. |
| 2012 | The company acquired C&N Engineering's GasGate technology to augment its gas solutions by adding remote gas shut-off capabilities to its product portfolio. |
| 2014 | The company launched a currency-based innovative payment solution that displays the module’s remaining balance as a monetary value instead of kilowatt-hours (kWh). |
| 2014 | i2O Water, the U.K.-based innovative pressure management provider for water networks, partnered with the company to expand its water portfolio and round out its non-revenue water (NRW) offering, enabling utilities to more effectively and efficiently manage water resources worldwide. |
| 2017 | The company acquired Comverge and added distributed energy management solutions, demand response, and energy efficiency technologies into its portfolio. |
| 2018 | Itron acquired Silver Spring Networks to drive growth in the smart grid, smart city, and industrial Internet of Things sectors. The company added networking, communications, streetlight, and distribution automation solutions to its portfolio. |
| 2018 | The company launched the Intelis gas meter featuring embedded intelligence, network connectivity, high-resolution data, and static measurement (no moving parts) that increases safety for utility personnel, end customers, and communities with an integrated safety shutoff valve. |
| 2018 | Itron partnered with New Cosmos to develop a methane sensor for gas utilities to help identify potential leaks and hazards before they become dangerous. |
| 2021 | Itron acquired Smart Efficient Lighting Control (SELC), a provider of intelligent lighting controls, to expand its solutions for savvy city customers. |
| 2022 | The company collaborated with Utilismart Corporation, a meter data management-driven analytics provider, to deliver end-to-end solutions to Canadian and U.S. electric utilities. |
| 2022 | Itron and Duke Energy Florida collaborate to deploy the company's DER Optimizer solution to deliver a managed EV charging program. |
| 2022 | The company collaborated with Emerson, a global technology and engineering provider, to offer reliable thermostats as part of Itron’s Bring Your Device (BYOD), direct install demand response (DR), and distributed energy resource (DER) programs. |
| 2023 | Itron collaborates with Qatar Cool to enhance thermal energy operations in the Middle East. The company upgrades Itron MDM Solution to improve operational efficiency and customer satisfaction. |
| 2023 | The company collaborated with Jordan Electric Power Company (JEPCO), a significant distribution company in Jordan on the Arabian Peninsula, to advance its digital transformation. |
| 2024 | Itron acquired Elpis Squared, an innovative provider of software and services for utility grid operations, expanding its Grid Edge Intelligence portfolio. The acquisition strengthens and complements Itron's solutions, adding expertise in grid planning, operations, and engineering. |
BCC Research Beacon 