GREX acquires SENSR Monitoring Technologies

Georgetown Rail Equipment Company (GREX) has acquired SENSR Monitoring Technologies from Reference LLC of Elkader, Iowa, and established a new wholly owned subsidiary, SENSR Monitoring Technologies, LLC (SMT). SENSR develops and sells monitoring equipment to various industries throughout North America and internationally, and has created an internet-based structural health monitoring system for measuring and managing remote structures.

GREX’s immediate plans for SENSR are to expand its products and monitoring systems to include monitoring functions on highway bridges, vertical structures, wind turbines, oil derricks, construction projects and packing crates, to measure movements in shipping. The SMT Board of Managers elected Walter F. Bleser II, P.E. as SMT president.

“We are excited to be able to expand our product offerings to the rail industry and beyond by acquiring a very key product that is showing itself to be important and valuable to the bridge and structure monitoring industry,” said GREX President and CEO Wiggie Shell, who is now chairman of SMT. “So much of our country’s infrastructure is showing its age, and the SENSR products will facilitate the monitoring of these structures to better analyze what level of deterioration exists in them today and what might assist in prioritizing the refurbishing of our country’s highway and railroad bridges. This is a key acquisition for GREX as it will provide a platform from which we can realize greater success.”

“The entire SENSR team, including founder Chris Kavars and Les Davis, is confident that this strategic affiliation with GREX will be the springboard we are seeking to propel the SENSR products to new levels of acceptance in many industries,” said Bleser. “This will be a team effort with GREX, and we are looking forward to working together toward our common goals. Our products can revolutionize the structural monitoring industry, and we think we have only touched the surface of potential product applications.”