Israel’s Digital Construction Platform Locusview Bought For USD525m
Israeli-based digital construction platform Locusview has been acquired by U.S.-based Itron for USD 525 million in cash, reflecting strong demand amid the surge in AI-driven energy-infrastructure upgrades.
The company, which employs 120 people and manages over one million energy-infrastructure projects in the U.S., was already profitable and raised only about USD 70 million in total funding.
Locusview’s founder said the acquisition was driven by the energy revolution sparked by AI and the company’s ambition to partner with a global brand.
Herzog Fox & Neeman advised Locusview, with an extensive team including Tomer Farkash, Nathan Wiesenberg, Adriana Chiche, Yarden Elter, Itay Hoyzman, Dr Ehab Farah, Shachar Porat, Karen Elburg, Liat Shaked-Katz, Avishag Kaspit Pashay, Ruly Bar, Olga Pery, Yuval Zilber, Lynn Holt Ashkenazi, Amit Ohn, Yael Jakubowicz, Ofer Granot, and Shiran Stein.
Sidley advised the buyer Itron with H-F as Israeli counsel.
