Itron names Accell as lead distributor in Latin America
Energy and water solutions company Itron Inc (NASDAQ:ITRI) said on Thursday that Accell has been selected as its regional partner and lead distributor for the Latin America region.
As part of the agreement, Accell will manufacture devices sold in Latin America and provide services and support for those products. It will also be the lead regional distributor for Itron products designed and built outside of Latin America, giving access to Itron’s full suite of solutions, including networked solutions, analytics, smart cities and outcomes offerings.
Accell will assume all prior Itron commitments in the region as well as provide local support for products and customers. All of Itron’s Latin American facilities and employees will become wholly part of Accell, except for several Mexico-based employees who will remain supporting Itron contract manufacturing operations in Mexico.
Itron will assist with the transition over the coming months to ensure a smooth handover of product training, customer relationships, and technical and product support. Accell will also have ongoing access to Itron expertise.
Published in M2 EquityBites on Friday, 26 June 2020
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