CAMBRIDGE, Mass., Dec. 21, 2017 (GLOBE NEWSWIRE) — GCP Applied Technologies Inc. (NYSE:GCP) announced today that it has completed the acquisition of the quality control assets and related intellectual property of Contek Shilstone Inc. The Montreal, Canada-based technology company has a prominent position in quality control software used in the ready-mix concrete industry. Terms of the deal were not disclosed.
Contek’s technology will complement and enhance GCP’s VERIFI® In-transit Concrete Management System, which uses sensors installed on ready-mix trucks to produce real-time monitoring data of concrete properties while in-transit.
The combination of Contek’s quality control software and GCP’s technologies will offer customers visibility into batch plant-to-jobsite performance metrics. These data insights and analytics will equip concrete producers with valuable information to help improve concrete quality, save time and reduce costs.
“This acquisition is in line with our strategy of leveraging data and predictive analytics to drive value for our customers,” said Naren Srinivasan, GCP’s Chief Strategy, Marketing and Development Officer. “Our IoT technologies help inform and optimize concrete production, and with the addition of Contek, our world-class R&D teams will collaborate to offer customers new innovations.”
GCP plans to release its newly redesigned best-in-class quality control technology in early 2018.
About GCP Applied Technologies
GCP is a leading global provider of construction products technologies that include additives for cement and concrete, the Verifi® in-transit concrete management system, high-performance waterproofing products, and specialty systems. GCP products have been used to build some of the world’s most renowned structures. More information is available at www.gcpat.com.
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