Technology

GI Partners Acquires a Majority Interest in Otodata Holdings Inc., Partnering with Existing Investor Renovo Capital

Published

2 days ago

September 1, 2026

MONTREAL, Sept. 1, 2026 /PRNewswire/ — Otodata Holdings Inc. (“Otodata” or the “Company”), a market leader in remote monitoring and vehicle tracking solutions, announced today that GI Partners, a leading private investment firm, has closed on a majority investment in the Company. Existing shareholders, including Renovo Capital (“Renovo”) and management, will retain a minority stake in the Company.

Founded in 2010 and based in Montreal, Canada, Otodata provides full-stack remote monitoring solutions for distributed tank assets, with an installed base of more than 3.5 million monitored tanks globally. Its solutions enable Otodata’s customers to monitor tank levels remotely, delivering real-time, insightful data to optimize asset utilization and workforce efficiency while helping to prevent costly runouts. The Company’s products enable large-scale implementation of remote monitoring, delivering a compelling return on investment for its customers worldwide. Otodata also operates Tag Tracking, the leading provider of vehicle tracking, theft prevention, and stolen vehicle recovery solutions through its proprietary communications network in Canada.

“We’re excited to welcome GI Partners as our new majority partner,” said Jeremy Eaton, CEO of Otodata. “GI Partners’ deep experience investing in Internet of Things (“IoT”) businesses, paired with its operational and digital infrastructure expertise, will help us strengthen our current offerings, better serve current and new customers, and accelerate our expansion into new verticals.”

Jerry Stapp, Managing Director at GI Partners, said, “Otodata is a best-in-class business that we have admired for a number of years, operating in a mission-critical category. We see strong tailwinds in IoT from artificial intelligence, automation, and digitization, and Otodata is well positioned to capture them. The Company’s track record speaks for itself, and we’re excited to partner with Otodata and Renovo to accelerate that momentum through continued investment in the team and product roadmap.”

Matt Farrell, Partner at Renovo, commented, “Working alongside the Otodata management team since our initial investment in 2020 has produced incredible results. From building out manufacturing capabilities to expanding both geographically and into other verticals, the team has executed flawlessly. We are excited to be part of the next chapter with GI Partners and are looking forward to what the combined team can accomplish.”

Evercore served as financial advisor and DLA Piper served as legal advisor to the Company.

Robert W. Baird & Co. served as financial advisor and Ropes & Gray LLP served as legal advisor to GI Partners.

Financial terms of the transaction were not disclosed.

About Otodata
Founded in 2010 and headquartered in Montreal, Canada, Otodata provides industry-leading remote monitoring hardware, software, and applications for various industries. Its solutions enable distributors to monitor their tanks remotely, delivering real-time, insightful data to optimize asset utilization and workforce efficiency. The company has an installed base of more than 3.5 million monitored tanks across North America, Europe, Latin America, and the Middle East. Otodata also operates Tag Tracking, a leading provider of vehicle tracking, theft prevention, and stolen vehicle recovery solutions in Canada. For more information, visit www.otodata.com.

About GI Partners
Founded in 2001, GI Partners is a private investment firm with over 150 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than $50 billion and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, services, and software sectors. The real estate team focuses primarily on technology and healthcare properties as well as other specialized types of real estate. The data infrastructure team invests primarily in hard-asset infrastructure businesses underpinning the digital economy. For more information, please visit www.gipartners.com.

About Renovo Capital
Renovo Capital is a Dallas, TX-based lower middle market private equity firm comprised of seasoned operating and investing professionals. Renovo makes control investments in technical product and service businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives. Since its founding in 2009, Renovo has completed over 43 transactions and raised over $750 million of committed capital. Renovo is currently investing out of Renovo Capital Fund IV, LP, a $350 million committed capital fund raised in 2024. For more information, please visit https://www.renovocapital.com.

Media Contacts

GI Partners
Chris Tofalli, Public Relations
chris@tofallipr.com

Emily Kuan, Investor Relations
pr@gipartners.com

Renovo Capital
Matt Farrell, Partner
matt.farrell@renovocap.com

Otodata
Gregory Bronner, Marketing Director
gbronner@otodata.com

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SOURCE GI Partners

Technology

Industry leaders to join forces to scale hydrogen mobility

Published

9 minutes ago

September 3, 2026

Volvo Group

For the first time in Europe, Germany is bringing together the full ecosystem needed to scale the deployment of hydrogen trucks by 2030, combining supportive policy frameworks, a strong OEM offering and an integrated hydrogen supply chain and infrastructure.Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, MB Energy, and more companies accelerate the commercialization of hydrogen-powered mobility and build the ecosystem needed to scale it along the whole value chain, with vehicles, infrastructure and supply. The activities include the deployment of hydrogen refueling stations along key strategic corridors in Europe, in synchronization with the hydrogen-powered truck fleets as well as a competitive hydrogen price. This will enable customers to operate hydrogen-powered vehicles with a competitive total cost of ownership. Full details will be unveiled at a CEO-led press event during IAA Transportation in Hanover on 15 September.

GOTHENBURG, Sweden, Sept. 3, 2026 /PRNewswire/ — Leading companies from the transport, energy and industrial sectors, together with German policymakers, are collaborating to establish a benchmark for a fully integrated hydrogen mobility ecosystem for heavy-duty transport. They reflect a shared ambition to scale hydrogen with a focus on customer-oriented refueling infrastructure and competitively priced hydrogen fuel.

Delivering a comprehensive hydrogen ecosystem that complements battery-electric solutions requires coordinated development across the entire value chain with focus on commercializing competitive vehicles, deploying strategically located refueling infrastructure aligned with customer needs, and ensuring reliable access to hydrogen at viable price levels. Together, these elements can create the conditions for a competitive total cost of ownership and position hydrogen as a practical, scalable solution for zero-emission transport.

Further details will be announced on September 15 at IAA Transportation 2026.

Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, MB Energy

September 3, 2026

Journalists wanting further information, please contact:
Claes Eliasson, Head of Media Relations
+46 76 553 7229
press@volvo.com

For more information, please visit volvogroup.com
For frequent updates, follow us on LinkedIn

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 100,000 people and serves customers in almost 180 markets. In 2025, net sales amounted to SEK 479 billion (EUR 43 billion). Volvo shares are listed on Nasdaq Stockholm.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/ab-volvo/r/industry-leaders-to-join-forces-to-scale-hydrogen-mobility,c4391363

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Press release â€” Industry leaders to join forces to scale hydrogen mobility

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SOURCE AB Volvo

Technology

CFD Broker Mitrade EU Introduces Excess-of-Loss Insurance Protection for Its Clients

Published

9 minutes ago

September 3, 2026

LIMASSOL, Cyprus, Sept. 3, 2026 /PRNewswire/ — CFD broker Mitrade has arranged additional insolvency insurance for eligible clients onboarded under its CySEC licence. The initiative reflects a broader focus on strengthening client confidence and investor protection.

This excess-of-loss policy supplements protections CySEC already mandates. CySEC-authorised investment firms are required to segregate client funds and contribute to the Investor Compensation Fund. Beyond those statutory safeguards, Mitrade EU Limited’s discretionary insurance coverage has been arranged through Lloyd’s of London and funded by Mitrade. It is automatically available to eligible clients without an opt-in requirement or additional client charge.

Should Mitrade EU Limited become insolvent, the policy may cover eligible claims, subject to its terms, conditions and exclusions, up to a maximum aggregate amount of €1 million across all claims combined. It does not cover trading losses or losses caused by market movements.

“Regulation sets the baseline; we decide how much further to go for clients,” said Timur Konsky, CEO of Mitrade EU. “That is why we put additional insurance in place with Lloyd’s of London. Our approach is to identify where clients can be protected and take steps to reduce those risks. Transparency and safety should not be marketing language; they should be demonstrated through the safeguards a broker chooses to put in place. We want our clients to judge us by our actions, and this policy is another concrete example of that commitment.”

Mitrade EU’s excess-of-loss insurance cover takes effect from 1 September 2026.

About Mitrade

Mitrade is a CFD trading platform operating in eligible EEA markets through Mitrade EU Limited, a CySEC-authorised investment firm (CIF438/23). Other legally separate entities within the international group are independently authorised and regulated in their respective jurisdictions by ASIC (AFSL398528), CIMA (SIB1612446), FSCA (FSP54842), FSC (GB20025791), and CMA (20200000397).

Globally, the brand connects 7M+ traders to 1,000+ CFDs on indices, forex, commodities, shares, ETFs and more. The platform is designed to provide fast execution, flexible leverage on a per-position basis, competitive spreads and an intuitive interface accessible across multiple devices.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit https://www.mitrade.eu for more information.

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Technology

Aurra Markets Receives ‘Most Transparent Broker’ Award in Mumbai

Published

9 minutes ago

September 3, 2026

Aurra Markets wins the ‘Most Transparent Broker’ award at Money Expo Mumbai 2026. Read about our MT5 infrastructure and Aurra Wallet.

MUMBAI, India, Sept. 3, 2026 /PRNewswire/ — Aurra Markets Wins ‘Most Transparent Broker’ Award at Money Expo Mumbai

Aurra Markets, a multi-asset CFD broker, received the ‘Most Transparent Broker’ award at Money Expo Mumbai 2026. Participating as a Diamond Sponsor at the Jio World Convention Centre, the brokerage presented its institutional-grade trading infrastructure and partnership models to the Indian financial community.

Direct Market Access and Tier-1 Liquidity

Receiving this award reflects the company’s focus on maintaining secure trading conditions. In active financial markets, reliability is a primary requirement for retail and institutional traders. By integrating direct Tier-1 liquidity and holding fully segregated client funds, Aurra Markets provides a stable environment for trading forex, precious metals, and indices. The team demonstrated its MetaTrader 5 (MT5) framework at Booth 33, highlighting the 12ms execution speed that supports algorithmic and day traders.

Efficient Funding via the Aurra Wallet

The exhibition also served as a platform to detail the company’s advanced funding infrastructure. Clients can manage their capital using the Aurra Wallet. This unified system bridges fiat and digital assets, allowing traders to handle deposits and withdrawals efficiently. Integrating this technology reduces banking delays and provides rapid market access.

Expanding Operations in the Indian Market

“We are honored to receive the Most Transparent Broker award in Mumbai,” a senior spokesperson for Aurra Markets stated. “This recognition validates our infrastructural investments designed to lower trading costs and maintain security. Engaging with affiliates and traders in India confirms the demand for high-performance trading solutions. We provide market participants with the stability needed to trade macroeconomic shifts.”

About Aurra Markets

Aurra Global Markets Limited is authorized and regulated by the Mauritius Financial Services Commission (FSC) under License No. GB25204837. Aurra Markets provides a global community of traders with the direct infrastructure and technical resources needed to operate in dynamic financial markets. For more information, visit www.aurra.markets.

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SOURCE AURRA GLOBAL MARKETS LIMITED