US smart energy and water solutions company Itron (Nasdaq: ITRI) has announced the acquisition of an Israeli startup Luxview For $525 million. Locusview, which developed a digital construction management platform, has only raised $75 million, according to PitchBook.
Big winners from the deal include Israel Growth Partners (IGP), founded by former Finance Ministry director-general Haim Shani and former Microsoft Israel chief Moshe Lichtman, Len Blavatnik’s Claltech, Jerusalem-based fund OurCrowd, and institutional investors such as Leumi Partners and Discount Capital.
The deal is scheduled to close in the first quarter of 2026, subject to regulatory approval in the United States, Europe and other countries.
Locusview was founded in 2014 by CEO Shahar Levy and President Alicia Farage.
“We set out to pioneer digital construction management – to give critical infrastructure operators a tool designed for their world, one that brings together planning, execution and closure into one real-time, enterprise-wide workflow,” said Levy. “This acquisition represents a pivotal moment for Locusview and our customers as we can scale our operations and accelerate our mission to support the critical needs of infrastructure providers globally. We share Itron’s vision for a connected, smart, and sustainable network. Together, we will empower utilities to plan smarter, build faster, And work more securely – With real-time data driving every decision from the field to the boardroom, we’re ready to lead the next wave of digital transformation in how we build, maintain and modernize the web and networks that support our daily lives.
Itron CEO Tom Dietrich said, “Locusview’s digital construction management platform expands Itron’s Resiliency Solutions offerings for our customers. Locusview’s scalable SaaS business is purpose-built and helps critical infrastructure providers improve the productivity and management of construction projects. Given the need to dramatically increase network construction and operations efficiency, the combination of Itron and Locusview creates an exciting platform for the future. We look forward to welcoming Shahr and his team to Itron and accelerating the growth of this innovative platform.”
Published by Globes, Israel Business News – en.globes.co.il – on November 17, 2025.
© Copyright Globes Publisher Itonut (1983) Ltd., 2025.
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