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Amsted Rail's IONX acquires RFTrax's rail monitoring operation


Amsted Rail’s IONX telematics technology unit recently acquired the rail monitoring operation of RFTrax, a wholly owned Fairfield Industries Inc. subsidiary.

The acquisition of RFTrax’s rail monitoring operation and Asset Management Platform complements the IONX Edge™ satellite and satellite/cellular (dual-mode) asset monitoring product line by providing a cellular-only solution, Amsted Rail officials said in a prepared statement.

Amsted Rail plans to integrate RFTrax’s systems into IONX's product line. The integration will position IONX as 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, according to Amsted Rail.

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More News from 5/12/2009