August 31, 2016

Emerson acquires PakSense, Locus Traxx

Emerson recently acquired PakSense and Locus Traxx. Chicago-based Sikich Investment Banking acted as the exclusive sell-side adviser. PakSense was individual investor-backed prior to the sale.

PakSense and Locus Traxx will become part of Emerson’s new cargo solutions business, which aims to help customers tackle cold chain challenges and minimize food waste.

“With these acquisitions, we are expanding our leadership in helping growers, food processors, shippers, retailers and others to improve temperature controls, product quality and cargo monitoring throughout the supply chain,” said Mark Dunson, group vice president, Electronics & Solutions, Emerson.

PakSense’s products track and record data on the environmental condition of products in transit. This includes wireless temperature monitoring systems as well as data loggers that can be pre-programmed to specific temperature ranges. Locus Traxx, based in Jupiter, Florida, offers real-time temperature loggers, which can be monitored using cloud-based analytics.

Emerson, which serves shipping and trucking companies as well as refrigerated container manufacturers, has advanced the use of connected technologies to monitor and analyze temperature implications of the supply chain, according to the company.

Terms of the acquisitions were not disclosed.


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