Otodata Acquires WACnGO
Tank monitoring acquisition accelerates market expansion
Otodata Technologies USA announced that it has acquired Wireless Applications Corporation (WACnGO), a leading player in the South American and Israeli tank monitoring and delivery markets.
Founded in 2008, Otodata offers remote tank monitoring hardware and software for a variety of industries. Otodata's solutions allow users to monitor their tanks remotely; providing insightful, real-time data to optimize asset and labor productivity in their business.
“We are so pleased to be working with the WACnGO team. This acquisition will accelerate our diversification into the propane truck distribution and delivery market as well as allow us to leverage our innovative solutions for remote tank monitoring in South America and Eastern Europe,” said Andre Boulay, president of Otodata. “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.”
“The WACnGO team is thrilled to be part of Otodata. WACnGO's vision was always to create a one stop shop, end-to-end logistics optimization solution based on telemetry and truck management for LPG and oil distributors,” said Uri Artzi, founder of WACnGO. “The WACnGO team is dedicated to its customers and always adapts the right solution to their needs. Joining forces with Otodata will allow us to provide our customers with additional products, services, and innovative pricing structures. It will also enable them to monitor every asset and receive instant ROI, both locally and abroad.”
WACnGO was established in 2006 and is based in Tel Aviv, Israel, with subsidiaries in Brazil, Chile and the U.S.
For more information, visit otodatatankmonitors.com and wireapp.com.