Monday, May 11, 2009

IONX acquires RFTrax

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IONX, the telematics technology company of Amsted Rail, has acquired the rail monitoring operation of RFTrax, a wholly-owned subsidiary of Fairfield Industries Inc.

ionix.jpg"The acquisition of the RFTrax rail monitoring operation and its Asset Management Platform (AMP) complements the current IONX Edge™ satellite and satellite/cellular (dual-mode) asset monitoring product line by providing a cellular-only solution," said IONX. "RFTrax products will be fully integrated into IONX’s product line, and IONX will be one of the only asset tracking and monitoring companies to offer a wide range of communication devices and sensors specifically designed for the harsh rail environment. RFTrax customers will benefit from the knowledge, experience, and innovation of IONX and rftrax.jpgAmsted Rail. For more than 100 years, Amsted Rail has been providing quality products and services to the rail industry. For RFTrax customers, this legacy creates a solid foundation on which highly innovative products will be developed to meet their business needs."