Itron Acquires Israel’s Locusview for $525 Million Amid AI-Driven Energy Infrastructure Boom

🚀 Exciting Acquisition in Energy Infrastructure! 🌟

Locusview, an Israeli startup revolutionizing Digital Construction Management (DCM) for utility projects, is being acquired by U.S.-based Itron for $525 million in cash. Here’s what you need to know:

• Key Players:

  • Locusview: Specializes in project management software for energy infrastructure.
  • Itron: A leading name in energy and water management, valued at $4.5 billion.

• Strategic Importance:

  • This acquisition positions Itron for growth in network planning and construction.
  • Locusview’s platform has managed over one million energy projects, valued at tens of billions of dollars.

• CEO Insight: Shahar Levi emphasizes the urgent energy revolution fueled by AI, marking a new market for Locusview amidst soaring electricity demands.

• Employee Impact: Most Locusview employees will transition to Itron, sharing in this success story.

Join the conversation! 🌐 Share your thoughts on the future of energy infrastructure and AI!

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