Sensitech Inc Acquires Ryan Instruments Sensitech Inc has acquired Ryan Instruments, helping it to offer an end-to-end solution for monitoring in-transit shipments of environmentally sensitive products. Sensitech financed the acquisition with a portion of the $16.5 million raised in its latest round of equity financing. The purchase price was not disclosed.
Founded in 1921, Ryan is headquartered in Redmond WA with offices in Fresno CA and Sassenheim, the Netherlands. The company specializes in products and services for in-transit monitoring of temperature and humidity for the produce, perishable-food, and horticultural industries.
Sensitech is a logistics-based information technology company that provides custom solutions for perishable products traveling throughout the global supply chain.
Besides the Ryan acquisition, Sensitech will use the proceeds to market its new cold chain integrated system offerings based on the company's global data management infrastructure. These include wireless, web-enabled facilities monitoring systems and wireless hand-held applications for complete in-transit data collection. Sensitech will also pursue additional cold chain-related acquisitions.
AC Power Technology Companies Merge Heavy-duty truck electrical inverter/charger technology companies Trace Engineering and Xantrex Technology have announced they are merging. The merger will mean combined engineering resources to further expand AC (alternating current) power options in the trucking industry. The merged company did not disclose financial terms of the deal but said it will operate under the Xantrex Technology name.
According to Mossadiq Umedaly, Xantrex Technology's president and chief executive officer, AC power is fast becoming a "must-have" for truckers who consider their trucks their home.
Umedaly said AC power provides drivers an opportunity to run microwaves, computers, heaters, and other household items in their sleepers.
The company said AC power units will continue to be sold and installed at Volvo, International, and Freightliner truck dealerships throughout North America, and it also will offer do-it-yourself installation kits. Units range in power from 50 to 3,000 watts.
Total Logistic Control (TLC) has acquired The Pro Source Group Inc, based in Aurora IL, and appointed Pro Source President Robert Koerner as president and chief operations officer of TLC.
Koerner's career encompasses transportation and warehousing, as well as development and operation of third-party manufacturing and distribution facilities. In 1998, he co-founded The Pro Source Group, specializing in the design, construction, and on-going operational management of logistics and manufacturing facilities throughout the United States. Before Pro Source, Koerner managed similar outsourcing facilities in the United States, Mexico, and Europe for The Power Group.
Terms of the acquisition, which took effect Sept 1, 2000, were not disclosed. Koerner will relocate to Zeeland MI, and The Pro Source Group will continue to operate from its Aurora headquarters as a division of TLC.