Itron Advances Growth Strategy with SmartSynch Acquisition
21.05.12
“SmartSynch is a compelling strategic acquisition that strengthens our
position in the industry and with our energy and water utility
customers,” said LeRoy Nosbaum, Itron president and chief executive
officer. “SmartSynch brings a highly complementary technology to our
existing communication network offering, broadens our portfolio and
enhances Itron’s ability to support our customers with their smart grid
projects.”
SmartSynch, headquartered in Jackson, Mississippi, is a leading provider
of point-to-point smart grid solutions that utilize a cellular network
for communications. The company has more than 130 customers, including
nine of the top ten utilities in North America. SmartSynch and Itron
have partnered for more than a decade, delivering integrated solutions
to some of Itron’s largest smart grid customers. 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. In
addition, SmartSynch’s technology will successfully meet the needs of
full cellular smart grid network deployments, such as the 1.9 million
electric residential and commercial & industrial meter end-point
deployment at Consumers Energy.
Source: EON: Enhanced Online News (press release)