Tech Company M&A Transactions
Comverge Acquisition
On 5/8/2017, Comverge was acquired by Itron. Deal value was $100 million.
Transaction Overview
Company Name
Acquired By
Announced On
5/8/2017
Transaction Type
M&A
Amount
$100,000,000
M&A Terms
Itron, a technology and services company dedicated to the resourceful use of energy and water, announced today that it has signed a definitive agreement to acquire privately held Comverge by purchasing its parent company, Peak Holding Corp., in a cash transaction valued at approximately $100 million. The acquisition combines a world-leader in gas, water, electricity and smart cities solutions with a longtime leader of demand response, which expands the scope of smart grid offerings for the industry.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
5390 Triangle Parkway Northwest 300
Norcross, GA 30092
USA
Norcross, GA 30092
USA
Phone
Website
Email Address
Overview
Comverge is the industry s leading provider of integrated demand response, energy efficiency and customer engagement solutions that enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands and enhance the customer experience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gregory Dukat
Chief Financial Officer
John Horton
Chief Technical Officer
Mike Ratliff
VP - General Counsel
Tracy Caswell
VP - Operations
Greg Allarding
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Where The Data Comes From
We do our best to record tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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