Brief: Itron Acquires Elpis Squared For $35 Mln

Itron

05/03/2024 14:14

March 5 (Reuters) - Itron Inc  ITRI.O :
    * ITRON INC - ON MARCH 1, 2024, CO COMPLETED ACQUISITION OF
100%
OF SHARES ELPIS2, INC
    * ITRON - PURCHASE PRICE FOR ACQUISITION IS $35 MILLION,
WITH
ADJUSTMENT FOR FINAL WORKING CAPITAL AMOUNT, TO BE DETERMINED 90
DAYS FOLLOWING DEAL'S CLOSE
    * ITRON INC - PURCHASE WAS FUNDED THROUGH CASH ON HAND

Source text for Eikon:  ID:n0001193125-24-058803 
Further company coverage:  ITRI.O 

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