ITRON, INC. acquires Urbint, Inc.

ITRON, INC. acquired Urbint, Inc. for $325 million (announced); preliminary purchase price ~$330.7 million at close, a transaction completed in November 2025, structured as all cash (funded through cash on hand).

Urbint, Inc. operates in AI operational resilience / utility software, is based in Miami, Florida, USA, had revenue of about Not material (per Itron's FY25 10-K). Urbint, Inc. was a privately held software company based in Miami, Florida, serving utilities with AI-powered operational resilience solutions. Upon acquisition Urbint became a wholly owned subsidiary of Itron and operates within the Resiliency Solutions segment. The preliminary purchase price allocated to acquired assets and liabilities was $330.7 million.

The addition of Urbint to Itron's portfolio signifies another step in the execution of our strategy to enable Itron's customers to address the most pressing issues in the industry today. Urbint's AI-powered operational resilience solutions enhance Itron's existing offerings.

AI-driven operational resilience expanded Itron's software/Outcomes portfolio and established the foundation of a new Resiliency Solutions reportable segment. Itron Resiliency Solutions segment

The addition of Urbint to Itron's portfolio signifies another step in the execution of our strategy to enable Itron's customers to address the most pressing issues in the industry today. Urbint's AI-powered operational resilience solutions enhance Itron's existing offerings.Tom Deitrich, President and CEO, Itron, Inc.

We are excited to join Itron and believe this gives Urbint an opportunity to accelerate our mission of building resilience alongside the industry leader in technology for utilities.Corey Capasso, Founder and CEO, Urbint, Inc.

Advisory firms were not disclosed for this transaction.

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