Appliance Recycling Centers of America acquires GeoTraq

Appliance Recycling Centers of America (ARCA), a utility appliance recycling program provider based in Hopkins, Minnesota, announced it has acquired GeoTraq, a manufacturer of cellular tracking modules designed specifically for the internet of things (IoT) market based in Seattle.

The GeoTraq Cellular Module is designed to allow wireless device integrators to design and manufacture long range IoT products for the commercial, industrial and consumer markets. The GeoTraq acquisition allows ARCA the ability to deploy IoT devices throughout the world to locate, monitor and track the movement of inventory and other assets.

“As we have previously announced, we believe that expanding our offerings beyond our current business model will be highly valuable for shareholders, and therefore, we will continue to seek such opportunities to enhance our product and service offerings,” says Tony Isaac, CEO of ARCA. "The addition of the GeoTraq technology increases our offerings as we enter the IoT market. We believe this acquisition will benefit our overall efficiency and provide GeoTraq access to a large base of new customers."

"Since the founding of GeoTraq, our mission has been to provide an alternative to the wireless technologies currently used in IoT such as Bluetooth, LoRa, ZigBee, LPWAN and NB-IOT,” says Gregg Sullivan, CEO and president of GeoTraq. “We are excited to join the ARCA team and to further enhance shareholder value through our unique and exciting product offering.”