Luxembourg-based Actaris was a global leader in electricity, gas and water metering, primarily outside North America. The combination created one of the largest electricity, gas and water metering companies in the world, with more than 8,000 utility customers, 33 manufacturing facilities, customers in more than 60 countries and more than 8,500 employees.
Why it was attractive
- 01 Actaris gave Itron the global manufacturing footprint and gas/water meter lines it lacked
- 02 instantly making the combined company a worldwide metering leader
Capabilities acquired
electricity meteringgas meteringwater meteringinternational meter manufacturingglobal utility distribution
We are delighted to announce the completion of the Actaris acquisition. In talking with customers, investors and employees over the past two months it is apparent that this is the right acquisition at the right time.
The combination of Itron and Actaris will create opportunities for both companies, for our customers and for our investors and we are looking forward to making the most of those opportunities.