Itron to Acquire Comverge for $100M, Diving Into the Demand Response Business

By [email protected] Smart metering giant Itron announced Monday that it will acquire demand response provider Comverge for about $100 million. It’s a move that puts Itron into a totally new business.

The company is betting that networking smarts can revitalize Comverge — a somewhat battered contender in the U.S. demand response industry.

Itron signed a definitive agreement to acquire Comverge through the purchase of its parent company, Peak Holding Corp., which is the latest in a long string of owners. Comverge was one of two big companies to IPO early last decade (EnerNOC being the other) as the automated demand response market soared.


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