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Itron

#2725

Rank

$5.13B

Marketcap

US United States

Country

Itron
Leadership team

Mr. Thomas L. Deitrich (CEO, Pres & Director)

Ms. Joan S. Hooper (Sr. VP & CFO)

Mr. Michel C. Cadieux (Sr. VP of HR)

Products/ Services
Advanced Materials, Clean Energy, Communications Infrastructure, Energy, Energy Management, GovTech, Oil and Gas, Software, Water
Number of Employees
1,000 - 20,000
Headquarters
Liberty Lake, Washington, United States
Established
1977
Company Registration
SEC CIK number: 0000780571
Revenue
Above - 1B
Traded as
ITRI
Social Media
Overview
Location
Summary
Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers value-added, enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities and municipalities. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.
History

Itron, a spinoff of Spokane-based Avista Corp., formerly Washington Water Power Co., was founded in 1977 in Hauser Lake, Idaho when a small group of engineers wanted to build a more efficient way to read utility meters. In 1984, Itron experienced global expansion into the Asian market and developed new manufacturing plants in France and the U.K. By 2006, Itron consulting teams were created to offer services for energy efficiency programs, renewables, conservation and demand response. In 2010, Itron was recognized for its commitment to U.S.-based manufacturing when President Obama announced the award of $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. Within the same year, Itron and Cisco formed an alliance to deliver Internet Protocol communications to the smart grid market thus changing networking capabilities for utilities. Itron is a founding member of the Smart Cities Council, having joined in 2013. Itron is also a partner of Microsoft CityNext helping with global Smart City initiatives. After developing Itron OpenWay Riva adaptive communications technology , Itron launched the Itron Riva Developers Community for the Internet of Things, for developers interested in developing software applications for the IoT space. Itron completed its acquisition of Silver Spring Networks in January 2018, two American providers of smart meters, grid networks, and software and services. Silver Spring’s Gen5 platform, which provided many of the same features as Itron's OpenWay Riva, has been integrated into a common framework.

Acquisitions

2021 - Itron acquires SELC, a Street Lighting Controls company2017 - Itron acquires Silver Spring Networks2017 - Itron acquires Comverge2012 - Itron acquires SmartSynch, cellular communications and also acquires C&N GasGate Technology for enhanced smart gas distribution systems.2007 - Itron acquires Actaris Metering Systems.2004 – Itron acquires Schlumberger Electricity Metering.2002 - Itron acquires software for distributed system design, field workforce management and energy forecasting.1996 - Itron acquires UTS, bringing MV-90 metering software application to its product portfolio.1995 - AEG Meters are acquired with production sites in Italy, Germany, Spain & South Africa.1993 – Itron acquires two German companies, Heliowatt and Danyl.1989 - Itron acquires a number of metering companies including, Thorn Emi Gas Metering in the U.K. and Bosco Spa in Italy.

Mission
Itron is a world-leading technology and services company dedicated to the resourceful use of energy and water.
Vision
Our vision is to deliver transformative solutions that make the world more secure, more efficient, and more vibrant.
Key Team

Mr. Christopher E. Ware (VP, Gen. Counsel & Corp. Sec.)

Mr. Donald L. Reeves III (Sr. VP of Outcomes)

Mr. Simon Pontin (Chief Technology Officer)

Alison Mallahan (Sr. Mang. of Corp. Communications)

Mr. Kenneth P. Gianella (VP of Investor Relations)

Ms. Marina Donovan (VP of Global Marketing & Public Affairs)

Mr. Justin K. Patrick (Sr. VP of Device Solutions)

Recognition and Awards
Itron has won numerous awards for its innovative solutions, including the Global award for Innovation from Global Telecoms Business Magazine, the CIO100 Award from CIO Magazine and the Global Award of Distinction from the International Telecommunications Society.
References

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Itron
Leadership team

Mr. Thomas L. Deitrich (CEO, Pres & Director)

Ms. Joan S. Hooper (Sr. VP & CFO)

Mr. Michel C. Cadieux (Sr. VP of HR)

Products/ Services
Advanced Materials, Clean Energy, Communications Infrastructure, Energy, Energy Management, GovTech, Oil and Gas, Software, Water
Number of Employees
1,000 - 20,000
Headquarters
Liberty Lake, Washington, United States
Established
1977
Company Registration
SEC CIK number: 0000780571
Revenue
Above - 1B
Traded as
ITRI
Social Media