M&A Deal Summary

Otodata Wireless Network Acquires Wise Telemetry

On April 14, 2021, Otodata Wireless Network acquired test/measurement equipment company Wise Telemetry

Acquisition Highlights
  • This is Otodata Wireless Network’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Otodata Wireless Network’s 1st transaction in the United States.
  • This is Otodata Wireless Network’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-04-14
Target Wise Telemetry
Sector Test/Measurement Equipment
Buyer(s) Otodata Wireless Network
Deal Type Add-on Acquisition

Target

Wise Telemetry

Pittsburgh, Pennsylvania, United States
Wise Telemetry is a provider of remote monitoring devices and services for the industrial gas industry. Wise Telemetry was founded in 2014 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Otodata Wireless Network

Montreal, Quebec, Canada
Category Company
Founded 2010
Sector Test/Measurement Equipment
DESCRIPTION

Otodata Wireless Network provides remote tank monitoring products and services to the residential and commercial propane space in the U.S. and Canada. Otodata also provides asset tracking and theft prevention devices for automobiles in Quebec under the Tag Tracking brand. Otodata Wireless Network was founded in 2010 and is based in Montreal, Quebec.

DEAL STATS #
Overall 1 of 2
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 WACnGO

Tel Aviv, Israel

WACnGO provides end-to-end telemetry solutions to best achieve logistic optimization and cost reduction for oil and gas distributors. It is capable of monitoring but is not limited to, propane, oil, gas tanks, and meter applications with options in Israel and South America. WACnGO was established in 2006 and is based in Tel-Aviv Israel, with subsidiary companies in Brazil, Chile, and the USA.

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