Longtime Finish Line customer EnerTrac (now called Wesroc/Independent Technologies) completes strategic sale to DataOnline, a leading IoT/IIoT company with more than 1,000 customers in 75+ countries. Data Online specifically sited the LPWAN technology developed by Finish Line PDS as one of the reasons for the acquisition. Finish Line’s development of the low power, long range, long battery life propane tank monitors was revolutionary when it was developed more than 10 years ago and continues to gain market share in the growing IoT space.
Although terms were not disclosed, Finish Lin PDS was told by insiders that the investors are very happy with the deal. Nothing makes us happier than seeing our customer succeed like this and we are proud to have been able to contribute to their successes.
You can read the press release here.