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.
Read Full Article Here
For more great articles: Greentech Media: Headlines