IONX LLC, the telematics technology unit 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 EdgeTM and Salco EverSee2 asset monitoring systems.
"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 - gemmy inflatables to create world-class telematics and condition-monitoring solutions."