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Itron, Inc. a world-leading technology and services company dedicated to the resourceful use of energy and water, announced today that it has completed its previously announced acquisition of privately held Comverge by purchasing its parent company, Peak Holding Corp., for approximately $100 million. With the acquisition, Itron strengthens its portfolio of grid solutions with the industrys leading demand response offering while also paving the way for game-changing distributed energy management applications using Itrons OpenWay Riva IoT solution.
We are excited to add Comverges strong, healthy and growing business and integrate Comverge and Itrons well-proven solutions to enable distributed energy management, said Mark de Vere White, president of Itrons Electricity business line. The growing need...