ITRON, INC. acquired Schlumberger Electricity Metering.
Schlumberger Electricity Metering operates in Electricity metering. Schlumberger Electricity Metering was, per Itron's official company history, the industry leader in solid-state electricity metering technology. Itron acquired the business in 2004, developing an integrated platform for creating and collecting meter data.
Add industry-leading solid-state electricity metering technology and build an integrated meter-data creation and collection platform.
Advisory firms were not disclosed for this transaction.