Independent Technologies acquires EnerTrac Tank Monitoring

December 11, 2017 By    

Independent Technologies Inc. acquired EnerTrac Tank Monitoring from Senet.

“We are very excited about bringing the best of our two companies together,” says Hank Smith, president and CEO of Independent Technologies Inc.

The acquisition will allow WESROC Monitoring Solutions, a division of Independent Technologies, to expand its product line while also enhancing its communication solutions capabilities, Independent Technologies says.

“This is an exciting move that lets us significantly expand our hardware solutions, and on the communications side, we are able to offer a monitoring solution for any need or budget,” Smith says.

Senet says the acquisition allows it to focus on the company’s core network connectivity platforms and services for the build-out and management of the Internet of Things network.

WESROC and Senet are currently reaching out to respective customers – many of which already use both WESROC and EnerTrac tank monitors – and key partners to communicate the acquisition, according to Independent Technologies.

“We’re happy to welcome all EnerTrac customers to WESROC,” says Boyd McGathey, WESROC COO. “They can rest assured that WESROC’s customer and technical support teams will provide uninterrupted assistance during this transition.”

With the addition of the Senet LoRa low-power, wide-area network to the existing WESROC cellular, satellite and other communications methodologies, WESROC will develop new monitoring hardware and services, McGathey says.

The exact terms of the deal are not being disclosed, with the exception of Senet providing critical network connectivity and build-out services to WESROC on an exclusive basis.

About the Author:

Joe McCarthy is an Associate Editor of LP Gas Magazine. You can contact him at jmccarthy@northcoastmedia.net and at 216-363-7930.

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