Itron has signed a definitive agreement to acquire Locusview, Ltd., a U.S.- and Israel-based software and services company focused on the utility sector, for $525 million. The deal will be funded entirely with cash on hand and is expected to close in January 2026.
The acquisition brings Locusview’s digital construction management platform into Itron’s expanding portfolio of resiliency solutions. Itron stated that combining the two companies will strengthen its ability to support utilities and critical infrastructure providers seeking improved productivity, streamlined project execution, and enhanced operational efficiency.
Itron said the integration of Locusview’s scalable SaaS platform aligns with the growing global demand for grid expansion, modernized construction workflows, and real-time data solutions that can support the accelerated buildout of critical energy and water infrastructure. The company noted that the transaction will also support broader goals around intelligent networks and sustainable resource management.
Locusview’s leadership described the acquisition as a significant milestone that will allow the company to scale its mission internationally. The company emphasized that joining Itron will enhance its ability to serve infrastructure operators that require real-time, enterprise-scale digital tools for planning, executing, and closing out construction projects. Both organizations highlighted a shared commitment to connected, intelligent, and sustainable infrastructure systems.
Itron continues to develop technologies that help utilities and cities manage essential resources such as energy and water. Its intelligent infrastructure solutions support operational efficiency, resilience, and reliable service delivery.
KEY QUOTES:
“Locusview’s digital construction management platform further expands Itron’s Resiliency Solutions offerings to our customers. Locusview’s scalable SaaS based business is purpose-built and helps critical infrastructure providers improve the productivity and management of construction projects. Given the need to dramatically increase grid build out and the efficiency of operations, the combination of Itron and Locusview creates an exciting platform for the future. We look forward to welcoming Shahar and his team to Itron and accelerating the growth of this innovative platform.”
Tom Deitrich, President and CEO, Itron
“I’ve had the privilege of watching our team turn an idea into an industry-focused and category leading platform that is now trusted across the utility industry. We set out to pioneer digital construction management — to give operators of critical infrastructure a tool built for their world, one that brings planning, execution, and close-out into a single, real-time, enterprise-scale workflow. This acquisition marks a pivotal moment for Locusview and our customers where we can scale our operations and accelerate our mission to support the critical needs of infrastructure providers globally. We share Itron’s vision for a connected, intelligent, and sustainable network. Together, we will empower utilities to plan smarter, build faster, and operate safer with real-time data driving every decision from the field to the boardroom. We are poised to drive the next wave of digital transformation in how the grid and networks that power our daily lives are built, maintained, and modernized.”
Shahar Levi, Co-Founder and CEO, Locusview
