US good power 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 accordance with PitchBook.
Among the many large winners from the deal are Israel Progress Companions (IGP), based by former Ministry of Finance director common 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 stated, “We got down to pioneer digital building administration – to offer operators of important infrastructure a instrument 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 important 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 quicker, and function safer – with real-time knowledge driving each determination from the sphere to the boardroom. We’re poised to drive the subsequent 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 stated, “Locusview’s digital building administration platform additional expands Itron’s Resiliency Options choices to our clients. Locusview’s scalable SaaS primarily based enterprise is purpose-built and helps important infrastructure suppliers enhance the productiveness and administration of building initiatives. Given the necessity to dramatically enhance grid construct out and the effectivity of operations, the mixture of Itron and Locusview creates an thrilling platform for the longer term. We stay up for welcoming Shahar and his group to Itron and accelerating the expansion of this progressive platform.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 17, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
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