ITRON, INC. acquires SmartSynch, Inc.

ITRON, INC. acquired SmartSynch, Inc. for $100 million, a transaction completed in April 2012, structured as all cash.

SmartSynch, Inc. operates in Smart grid / cellular communications, is based in Jackson, Mississippi, USA. SmartSynch, headquartered in Jackson, Mississippi, was a leading provider of point-to-point smart grid solutions that use a cellular network for communications. The company had more than 130 customers, including nine of the top ten utilities in North America, and had partnered with Itron for more than a decade delivering integrated solutions.

The acquisition will bring greater choice to utility customers across the spectrum of smart metering deployments and strengthen Itron's integrated cellular communications offering. Itron and SmartSynch's complementary technologies can be used to provide a solution in areas where RF mesh networks are not available, or are cost prohibitive.

More than 130 utility customers (including 9 of the top 10 in North America) and a decade-long partnership with Itron made integration low-risk and immediately complementary. Combine Itron's diversified RF mesh portfolio with SmartSynch's cellular technology to serve full cellular smart grid networks and locations where RF mesh is unavailable or cost-prohibitive. Folded into Itron's smart grid / communications offering

Advisory firms were not disclosed for this transaction.