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[January 18, 2013]
Kitchen Brains acquires assets of Modularm Corporation
Jan 18, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Kitchen Brains (R), a company engaged in the development and deployment of integrated, end-to-end, wireless M2M networking solutions and SAAS applications for the commercial kitchen/food service industry, has acquired the assets of Modularm Corporation, a manufacturer of temperature and refrigeration monitoring systems. Both the companies are based in the US.
Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2013-01-17 Deal Participants Target (Company) Modularm Corporation - Assets Acquirer (Company) Kitchen Brains (R) Vendor (Company) Modularm Corporation Deal Rationale The acquisition adds refrigeration and cold storage products to Kitchen Brains portfolio, allowing it to serve broadly OEM and Chain Restaurant clients.
The acquisition complements Kitchen Brains launch of the RM-200; a wireless network temperature monitoring solution providing web-based reporting, alerts and access to temperature sensitive products.
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