Otodata Holdings is spearheading its expansion goals, having today (29th June) confirmed the acquisition of AIUT’s LPG branch, a supplier of IoT ecosystems for the global LPG remote monitoring and metering market.
Based in Montreal, Otodata offers solutions for fuel and industrial gas plays to monitor tanks remotely by providing real-time data to optimise asset and labour productivity.
Speaking to gasworld exclusively last month (May 2022), Otodata explained that the increased affordability of its products is one of its unique selling points, with innovations starting at just $2.50 a month.
It was in April last year (2021), when the company made its move into the industrial gases sector, through its acquisition of Pittsburgh-based Wise Telemetry – and what a wise move it was. Now, with its latest transaction, the company continues to make great strides in the telemetry space.
Andre Boulay, President of Otodata, said, “We are so pleased to be working with the AIUT team whose solutions currently monitor hundreds of thousands of tanks. This acquisition will enable us to accelerate our expansion and further leverage our innovative solutions for remote tank monitoring and metering on all five continents.”
“This represents an important step in our strategy to address the growing demand for reliable, affordable and automated tank monitoring solutions across a variety of industries and geographic markets such as, LPG, fuel, lubricants and industrial gas.”
Marek Gabrys, President of AIUT, added, “The best way to predict the future is to invent it. These well-known words by Alan Kay fully reflect the idea of our work. Joining forces with Otodata will allow us to provide customers with additional products, services, and competitive pricing structures ensuring a bright future for everyone.”