ITRON, INC. acquired SELC (Smart Efficient Lighting Control), a transaction completed in October 2021, structured as Acquired from a subsidiary of Xylem; agreement effective immediately..
SELC (Smart Efficient Lighting Control) operates in Smart Cities / Smart Lighting. SELC is a market-leading supplier of Networked Lighting Controllers (NLCs) for the smart lighting-controls industry and a longtime Itron partner, with deployments including Copenhagen, Denmark and more than 500,000 smart nodes at Florida Power & Light. Itron acquired SELC from a subsidiary of Xylem to vertically integrate its smart-city offerings and strengthen its position as an end-to-end smart-city solution provider.
Add a leading networked lighting controller supplier to vertically integrate Itron's smart-city offerings and expand the capabilities of its smart-city platform.
Advisory firms were not disclosed for this transaction.