Sensitech expands global presence
Sensitech, the US provider of cold chain information and analysis solutions, has acquired the shares of Rask Holding ApS, dba Check-It, based in Hornbaek, Denmark.
Sensitech, the US provider of cold chain information and analysis solutions, has acquired the shares of Rask Holding ApS, dba Check-It, based in Hornbaek, Denmark.
This transaction was made through Sensitech's wholly owned subsidiary Sensitech Europe.
Check-It was the European distribution arm of Cox Technologies with an active presence throughout Scandinavia and Europe. In April, Sensitech acquired substantially all of the assets of Cox Technologies Inc., a provider of temperature and humidity monitoring products and services worldwide.
'The cold chain monitoring market is expanding rapidly,' said Eric Schultz, chairman and ceo of Sensitech. 'The expansion of our distribution channels is imperative as new technologies and new players enter the market. Sensitech has done business in Europe for many years and we are pleased to establish our first direct presence there. Over the next 24 months we expect to make significant investments in developing distribution and launching new products.'