The acquisition of FoxInsights by Banyan Software marks a strategic move to enhance FoxInsights' global presence in the Remote Tank Monitoring market.
Target Company Overview
FoxInsights, founded in 2017 as a part of EnBW Energie Baden-Württemberg AG, has emerged as a European leader in the field of Remote Tank Monitoring (RTM). The company has been pivotal in shaping the RTM market in Europe, providing digital IoT solutions that cater to the evolving needs of energy management. With a vision to expand its operations globally, FoxInsights has taken a significant step by selling to Banyan Software, a Canada-based specialist in investments in successful tech companies.
The acquisition by Banyan Software allows FoxInsights to enter international markets, including North America and Asia. The founder of FoxInsights, Til Landwehrmann, emphasizes that this partnership will enable the company to realize its goal of global presence while further solidifying its leadership position in the market.
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Industry Overview in Germany
The Remote Tank Monitoring industry in Germany has been experiencing significant growth, driven by increasing demand for efficient and environmentally friendly fuel management systems
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Banyan Software
invested in
FoxInsights
in 2025
in a Merger deal