Otodata Holdings Inc. Announces the Acquisition of AIUT’s LPG Branch

MONTREAL (June 29, 2022) — Otodata Holdings Inc. has announced that it has acquired AIUT’s LPG branch, a supplier of IoT ecosystems for the global liquefied petroleum gas (LPG) remote monitoring and metering market. For over 15 years, they have been cooperating with companies in the global LPG market by equipping their customers with advanced data readout, monitoring, metering and analysis solutions.

Founded in 2008, Otodata offers leading 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 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 five 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.