US good vitality and water options firm Itron (Nasdaq: ITRI) has announcerd the acquisition of Israeli startup Locusview for $525 million. Locusview, which has developed a digital building administration platform, has solely raised $75 million, in keeping with PitchBook.
Among the many large winners from the deal are Israel Progress Companions (IGP), based by former Ministry of Finance director normal Haim Shani and former Microsoft Israel chief Moshe Lichtman, Len Blavatnik’s Claltech, Jerusalem-based fund OurCrowd and institutional buyers like Leumi Companions and Low cost Capital.
The deal is because of shut within the first quarter of 2026 topic to regulatory approval within the US, Europe and different nations.
Locusview was based in 2014 by CEO Shahar Levi and president Alicia Farag.
Levi mentioned, “We got down to pioneer digital building administration – to provide operators of essential infrastructure a device constructed for his or her world, one which brings planning, execution, and close-out right into a single, real-time, enterprise-scale workflow. This acquisition marks a pivotal second for Locusview and our clients the place we are able to scale our operations and speed up our mission to help the essential wants of infrastructure suppliers globally. We share Itron’s imaginative and prescient for a related, clever, and sustainable community. Collectively, we’ll empower utilities to plan smarter, construct sooner, and function safer – with real-time knowledge driving each resolution from the sector to the boardroom. We’re poised to drive the following wave of digital transformation in how the grid and networks that energy our day by day lives are constructed, maintained, and modernized.”
Itron CEO Tom Deitrich mentioned, “Locusview’s digital building administration platform additional expands Itron’s Resiliency Options choices to our clients. Locusview’s scalable SaaS based mostly enterprise is purpose-built and helps essential infrastructure suppliers enhance the productiveness and administration of building tasks. Given the necessity to dramatically enhance grid construct out and the effectivity of operations, the mix of Itron and Locusview creates an thrilling platform for the longer term. We sit up for welcoming Shahar and his workforce to Itron and accelerating the expansion of this modern platform.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 17, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
