Dresser Utility Solutions closes agreement with Itron to acquire C&I gas metering and stations business

Source: press release, 28 February 2022

Dresser Utility Solutions is a worldwide manufacturer of highly engineered products for critical infrastructure in the global utility and industrial sectors
Dresser Utility Solutions is a worldwide manufacturer of highly engineered products for critical infrastructure in the global utility and industrial sectors (photo: Dresser Utility Solutions)

Dresser Utility Solutions, a solutions provider for utility companies, and Itron, Inc., which is innovating the way utilities and cities manage energy and water, has announced the successful closing of the previously announced agreement for the sale of Itron’s European commercial & industrial (C&I) mechanical gas meter business, gas stations meter and pressure regulation business and global gas regulator business to Dresser Utility Solutions.

David Evans, President and CEO of Dresser Utility Solutions, comments, “We are excited to announce that we have finalised our agreement with Itron for the purchase of its global gas regulator and European C&I metering and stations businesses. As a company that is strategically focused and dedicated to serving our customers’ individualised needs, Dresser Utility Solutions looks forward to expanding our offering and continuing to invest in these technologies so we can better serve our current and future customers.”

Justin Patrick, Itron’s senior vice president of Device Solutions, comments, “The agreement with Dresser Utility Solutions marks an exciting milestone for our two companies and for our customers. Our customers and partners will benefit from working with a trusted leader in the gas industry with over a century of experience providing highly engineered infrastructure for critical service applications for natural gas and utility industries. For Itron, this is another milestone on our journey toward more advanced networks, distributed intelligence endpoints and data-driven outcomes to better serve our customers for the next decade and beyond.”

As part of the sale, Itron employees supporting European mechanical gas C&I meters and stations and global gas regulators become employees of Dresser Utility Solutions. Itron will continue to develop and offer high value communicating electricity, gas, water devices in Europe and globally.