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Itron to Buy Silver Springs to Boost Smart Grid Presence
Itron Inc, which makes technology to monitor energy and water usage, said it would buy Silver Spring Networks Inc., in a deal valued at about $830 million, to expand its presence in the smart city and smart grid markets.
Silver Spring’s network equipment and services help transform power grid infrastructure into a smart grid, helping in efficient management of energy. Itron said it will use Silver Spring’s footprint in the smart utility and smart city...
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