Liberty Lake-based Itron Inc., a utility-technology company, has signed a definitive agreement to acquire Urbint Inc., a Miami-based software company.

“The addition of Urbint to Itron’s portfolio signifies another step in the execution of our strategy to enable Itron’s customers to address the most pressing issues in the industry today,” says Tom Deitrich, president and CEO of Itron. “Urbint’s AI-powered operational resilience solutions enhance Itron’s existing offerings. We are thrilled to welcome the Urbint team to the organization.”

According to a press release from Itron, the purchase price for the acquisition is $325 million. The purchase will be funded using cash on hand and is expected to close during the fourth quarter of 2025.

Using artificial intelligence, Urbint develops incident-prevention software used for worker safety, damage prevention, and storm response, as described by the company’s website.

“We are excited to join Itron and believe this gives Urbint an opportunity to accelerate our mission of building resilience alongside the industry leader in technology for utilities,” says founder and CEO of Urbint, Corey Capasso. “Itron has built a legacy of providing mission critical solutions to utilities which directly aligns with Urbint’s operational resilience solutions that protect the public, workers, assets, and the environment.”

Itron is a product and services provider for energy and water resource management. As reported by the Journal in July, the utility-tech company posted Q2 net income of just over $68 million, a $17 million increase compared with the year-earlier quarter.