GI Partners Acquires Majority Stake in Otodata
The acquisition backs expansion of the firm's remote tank monitoring platform.
Business media outlet Pulse 2.0 reports that GI Partners has acquired a majority interest in Otodata Holdings. The deal centers on the Montreal-based company and its Internet of Things platform for monitoring tanks. That system is already in use on more than 3.5 million tanks globally. The investment is intended to support further growth of the remote monitoring capabilities. Coverage from the outlet notes the platform's worldwide deployments but provides no figures on deal value or closing date. Visible posts from the account link back to the full article on the acquisition.
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GI Partners Acquires Majority Stake in Otodata
The acquisition backs expansion of the firm's remote tank monitoring platform.
Business media outlet Pulse 2.0 reports that GI Partners has acquired a majority interest in Otodata Holdings. The deal centers on the Montreal-based company and its Internet of Things platform for monitoring tanks. That system is already in use on more than 3.5 million tanks globally. The investment is intended to support further growth of the remote monitoring capabilities. Coverage from the outlet notes the platform's worldwide deployments but provides no figures on deal value or closing date. Visible posts from the account link back to the full article on the acquisition.