The transaction is expected to be completed in the first quarter of next year.
The acquisition enables Itron to offer integrated, end-to-end solutions with an expertise in energy information management and efficiency.
Asais’ data collection software will complement Itron’s meter data management and analytics systems, creating a platform for successful smart metering deployments in Europe and across the globe, Itron said.
Itron has been partnering with Asais globally for the past four years, and their joint projects include smart metering and smart grid initiatives with several major utilities across Europe, Africa and the Middle East.
Itron delivers end-to-end smart grid and smart distribution solutions to electric, gas and water utilities.
