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Silver Spring Networks develops equipment that creates wireless mesh networks and transmits energy consumption data between meters, consumers and utilities in real time. The software indicates how much money is spent on electricity and indicates how much can be saved if one switches to energy-efficient models.
18. Sept. 2017 · Itron, a global technology company for the Internet of Important Things, announced a definitive agreement to acquire Silver Spring Networks, a provider of connectivity platforms and solutions for utilities and cities. The transaction is expected to be accretive, create synergies and enhance innovation for customers in the smart grid and smart city sectors.
Itron, a company that provides energy and water analytics and technology, buys Silver Spring Networks, a smart city and IoT player, for $830 million. The deal aims to boost analytics, device optimization, and networking tools for utilities and cities.
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LIBERTY LAKE, Wash. and SAN JOSE, Calif. — Sept. 18, 2017 — Itron, Inc. (NASDAQ: ITRI) and Silver Spring Networks, Inc. (NYSE: SSNI) today announced that they have signed a definitive agreement for Itron to acquire all outstanding shares of Silver Spring for $16.25 per share in cash.
Itron, a technology and services company for energy and water, completed the acquisition of Silver Spring Networks, a smart city and industrial IoT platform provider, in 2018. The acquisition enhanced Itron's ability to deliver more value-added services and outcomes-based solutions to customers worldwide.
Silver Spring Networks enables the Internet of Important Things™ by reliably and securely connecting things that matter. Cities, utilities, and companies on five continents use the company’s...
18. Sept. 2017 · On Monday, Itron announced plans to acquire all outstanding shares of Silver Spring for $16.25 per share in cash, a premium of 25 percent from Friday’s close, in a transaction valued at $830...
