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 development administration platform, has solely raised $75 million, in accordance with PitchBook.
Among the many huge 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 international locations.
Locusview was based in 2014 by CEO Shahar Levi and president Alicia Farag.
Levi mentioned, “We got down to pioneer digital development administration – to provide operators of vital 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 prospects the place we are able to scale our operations and speed up our mission to assist the vital wants of infrastructure suppliers globally. We share Itron’s imaginative and prescient for a linked, clever, and sustainable community. Collectively, we are going to empower utilities to plan smarter, construct sooner, and function safer – with real-time information driving each resolution 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 each day lives are constructed, maintained, and modernized.”
Itron CEO Tom Deitrich mentioned, “Locusview’s digital development administration platform additional expands Itron’s Resiliency Options choices to our prospects. Locusview’s scalable SaaS based mostly enterprise is purpose-built and helps vital infrastructure suppliers enhance the productiveness and administration of development 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 long run. We stay up for welcoming Shahar and his group to Itron and accelerating the expansion of this modern platform.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 17, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
