🚀 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!
