Emerson Climate Technologies, Sidney, Ohio, announced plans to acquire PakSense, a Boise, Idaho-based manufacturer of temperature monitoring solutions, and Locus Traxx, a provider of real-time temperature and monitoring solutions based in Jupiter, Fla. These investments in cargo solutions allow Emerson to provide consistent and safe control of food and other temperature-sensitive goods.
“The addition of Locus Traxx and PakSense to our portfolio strongly positions Emerson to address the high-stakes challenges faced by end-users in the agriculture, transport and retail industries to keep their products fresh, while helping them drive incremental growth,” says Bob Sharp, executive vice president and commercial and residential solutions business leader, Emerson. “This investment in innovation and technologies in fresh food monitoring demonstrates how we are transforming Emerson to meet the evolving needs of our customers.”
PakSense solutions track and record data on the environmental condition of products in transit. This includes wireless temperature monitoring systems as well as data loggers that can be pre-programmed to specific temperature ranges.
“PakSense will be joining a respected Fortune 500 company with a strong interest in helping customers preserve food and eliminate food waste,” says David Oster, chief executive officer of PakSense. “PakSense and Emerson make for a very strong partnership because we are perfectly compatible in the services we provide to retailers and the cold chain. We are also very pleased with the outcome of this transaction and our relationship with Sikich Investment Banking that helped us achieve this remarkable outcome for both ourselves and Emerson. We found the Sikich team to be highly professional, easy to work with and mutually focused upon achieving our highest goals for such a transaction."
Locus Traxx offers real-time temperature loggers that can be monitored anytime, anywhere, using cloud-based analytics. This allows cargo owners to monitor food and high-value shipments throughout the entire supply chain to promote freshness and quality.
Emerson, which serves shipping and trucking companies as well as refrigerated container manufacturers, has advanced the use of connected technologies to monitor and analyze temperature implications of the supply chain.
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