Thursday, December 21, 2017
(December 21, 2017) — Independent Technologies Inc. (Blair, Neb.) has acquired EnerTrac Tank Monitoring from Senet (Portsmouth, N.H.). Details of the transaction were not released. The move is said by both companies to be positive and complementary, and one that will deliver technology to a growing market. “We are very excited about bringing the best of our two companies together,” said Hank Smith, CEO of Independent Technologies. 
The acquisition will allow the WESROC division of Independent Technologies to expand its product line while also enhancing its communication solutions capabilities. “ 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 said.
For Senet, the deal allows it to focus on its core network connectivity platforms and services for the build-out and management of the Internet Things (loT) network. The purchase is said to be a proof point for the maturing LoRaWAN solutions market, illustrating the growth of a high-volume, low-power, wide-area loT solution.
Senet will provide network connectivity and build-out services to WESROC on an exclusive basis under the agreement. Plans for integration are under way. WESROC and Senet are contacting partners and customers, many of whom already use WESROC and EnerTrac tank monitors, to communicate news of the acquisition and effect action plans.
“We’re happy to welcome all EnerTrac customers to WESROC,” said Boyd McGathey, WESROC chief operations officer. “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 be developing new monitoring hardware and services that will benefit both EnerTrac and WESROC customers.”
The acquisition will allow the WESROC division of Independent Technologies to expand its product line while also enhancing its communication solutions capabilities. “ 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 said.
For Senet, the deal allows it to focus on its core network connectivity platforms and services for the build-out and management of the Internet Things (loT) network. The purchase is said to be a proof point for the maturing LoRaWAN solutions market, illustrating the growth of a high-volume, low-power, wide-area loT solution.
Senet will provide network connectivity and build-out services to WESROC on an exclusive basis under the agreement. Plans for integration are under way. WESROC and Senet are contacting partners and customers, many of whom already use WESROC and EnerTrac tank monitors, to communicate news of the acquisition and effect action plans.
“We’re happy to welcome all EnerTrac customers to WESROC,” said Boyd McGathey, WESROC chief operations officer. “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 be developing new monitoring hardware and services that will benefit both EnerTrac and WESROC customers.”
