Itron expands solutions portfolio with purchase of Asais

Liberty Lake, Wash., December 10, 2010 – Itron reached an agreement to acquire Asais, an energy information management software and consulting services provider, headquartered in France, for an undisclosed sum.

The transaction is slated for completion in the first quarter of 2011.

For the past 25 years, Asais has developed and implemented advanced energy information management solutions through software and online services.

Asais delivers competitive flexibility to every segment of the energy industry by providing customers with data collection, data analysis and smart grid management software solutions and services.

Itron has been partnering with Asais globally for the past four years. Joint projects include smart metering and smart grid initiatives with many major utilities across Europe, Africa and the Middle East.

The acquisition enables Itron to offer integrated, end-to-end solutions with a strong expertise in energy information management and efficiency – fundamental components for success in today’s utility industry.

Asais’ leading data collection software will complement Itron’s field-proven meter data management and analytics systems, creating a platform for successful smart metering deployments in Europe and across the globe.

In return, Itron will provide Asais opportunities for accelerated growth into international markets. Asais’ consultancy expertise will afford Itron’s utility customers expanded options to optimize the management of their resources.

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