Otodata Holdings, Inc. announces acquisition of AIUT’s LPG branch

Otodata Holdings, Inc. Announces the Acquisition of AIUT’s LPG Branch (CNW Group/Otodata)

MONTREAL — Otodata Holdings, Inc. announces that it has acquired AIUT’s LPG branch, a supplier of IoT ecosystems for the global LPG remote monitoring and metering market.

Otodata offers remote tank monitoring hardware, software and applications for a variety of industries. Otodata’s solutions allow fuel and industrial gas marketers 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 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 5 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,” said Andre Boulay, President of Otodata.

“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,” said Marek Gabrys, President of AIUT.