Urbint, an AI-powered utility software leader, is set to be acquired by Itron, Inc. for $325 million, marking a significant step towards enhancing operational resilience in the utility sector.

Information on the Target

Urbint, a leader in AI-driven software for utility workforce management and infrastructure resilience, has entered into a definitive acquisition agreement with Itron, Inc. Valued at $325 million, this transaction signifies a notable progression in Urbint's journey and an important step towards the broader digitization of essential infrastructure. The acquisition is anticipated to finalize in the fourth quarter of 2025.

This partnership aligns with Urbint's commitment to equipping utilities with modern, digital solutions that enhance the management of complex operations influenced by climate change. As utility industries face increasing challenges, Urbint's innovative approach positions it as a vital participant in transforming how utilities execute crucial field operations.

Industry Overview in the Target’s Specific Country

The utility sector is undergoing a significant transformation driven by the urgent need for decarbonization and infrastructural resilience. In this context, the United States utility market is grappling with aging infrastructure, an increa