Itron, Inc., and Schlumberger Electricity, Inc., In the Matter of

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In the Matter of Itron, Inc., a corporation; and Schlumberger Electricity, Inc., a corporation.
FTC Matter/File Number:

0310201

Enforcement Type:

Part 2 Consents

Case Summary

The consent order, designed to preserve competition in the market for the manufacture and sale of mobile radio frequency automatic meter reading technologies for electric utilities in the United States, permitted Itron's $255 million acquisition of Schlumberger Electricity, Inc. The consent order requires Itron to grant a royalty-free, perpetual, and irrevocable license to Hunt Technologies, Inc., creating an effective competitor in this market that allows utility companies and others to gather electric consumption data automatically and remotely from electricity meters.