Itron 8-K 2012
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Item 8.01 Other Events.
On May 1, 2012, Itron, Inc. (Itron) completed its acquisition of SmartSynch, Inc. (SmartSynch). SmartSynch is a provider of point-to-point smart grid solutions that utilize cellular networks for communications. The acquisition strengthens Itron’s cellular communications offering, and Itron believes the acquisition brings greater choice to utility customers across the spectrum of smart metering deployments.
The purchase price of SmartSynch, before adjustments for changes in working capital, was $100 million in cash.
Item 9.01 Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.