CALGARY—MOBILTEX Data Ltd. announced the acquisition of GCR Tech Limited.
The company says the acquisition will bring together Mobiltex’s IIoT technologies with GCRTech’s experience in pressure management and product quality.
New Vice President of Value Chain, Alain Lalonde, will lead the Mobiltex GCRTech product group.
“GCRTech’s unique advanced computing technology will provide day one differentiation in the rapidly changing water utility segment that demands visibility into water distribution network pressure and flow monitoring and management” , said Lalonde.
Dr. Gurch Chana, who founded GCRTech and is now its chief executive, said the partnership will allow the company to accelerate its product development roadmap, increase its position in existing markets and expand into new markets.
“We are delighted to welcome the GCRTech team to the Mobiltex family,” said Marc Bracken, CEO of Mobiltex in a statement.
“With the closing of this transaction, Mobiltex is well positioned to expand its footprint in the water utility space to provide our customers with proven solutions that will reduce water loss, optimize energy expenditure on systems under pressure, will have a positive impact on GHG reductions and reduce water supply constraints.