IONX Completes Acquisition Of Salco Technologies
WEST CHESTER, Pa.--(BUSINESS WIRE)--IONX LLC, the telematics technology company of Amsted Rail, has acquired Salco Technologies LLC, a telematics provider for leading chemical shippers and a wholly owned subsidiary of Salco Products Inc. Salco Technologies' product lines and operations will be fully integrated into IONX's West Chester, Pa.-based organization by January 2009.
The acquisition of Salco Technologies extends IONX's reach into the chemical shipping industry. Going forward, IONX and its parent company Amsted Rail will provide complete sales, service, and research and development support for both the IONX Edge™ and Salco EverSee2 asset monitoring systems. The transaction includes a long-term collaboration agreement with Salco Products to ensure its customers experience a seamless transition to IONX.
"Salco's people and technology complement our business and extend our ability to support customers throughout the global supply chain," said Pat Ameen, vice president and general manager for IONX. "This acquisition brings together two companies that share a common vision — to create world-class telematics and condition monitoring solutions."
"Salco sees this partnership as an opportunity for IONX to provide support and development of the EverSee2 product line, with Salco sharing its considerable experience from the North American tank car shipping environment," said Dave Oestermeyer, president of Salco Products.
The Edge and EverSee2 asset monitoring systems use satellite and cellular technology to maximize network coverage so customers have the most flexibility to meet their operational needs. The relayed data helps railroads and shippers monitor freight more reliably, improve fleet asset utilization and safely manage their fleets under increasingly stringent regulations.
Visit www.ionxlive.com for more information.
About IONX LLC
Headquartered in West Chester, Pa., IONX LLC is a developer of ultra-low power telematics solutions for railcars, providing GPS tracking, asset status and condition monitoring. The IONX Edge™ asset monitoring system uses satellite and cellular networks for reliable global communications service. IONX is a business unit of Amsted Rail Incorporated. www.ionxlive.com
About Amsted Rail
Amsted Rail, based in Chicago, is an industry-leading, global provider to the rail industry of value-added products and services ranging from castings, bearings and wheels to telematics. Building on its more than 100 years of manufacturing experience and heritage of innovation, it is continually developing new ways to apply freight car data to product design. Amsted Rail has more than 30 manufacturing locations around the world. It is a division of Amsted Industries Incorporated. www.amstedrail.com
About Salco Products, Inc.
Salco Products, Inc., Lemont, Ill., is a leader in the supply of loading and unloading components for liquid and dry bulk commodities in the North American railcar and trucking industry. With 25 years of transportation industry experience, Salco Products continues to provide superior customer service and product development that addresses the needs of the shipper community. www.salcoproducts.com
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