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Carwash News

Innovative Control Systems announces major acquisition

WIND GAP, Pa. — ICS’ strategic acquisition of PSD Codax will help to create a global carwash electronics company.

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WIND GAP, Pa. — Innovative Control Systems (ICS), a provider of carwash management and control system technologies announced it has acquired PSD Codax, according to a press release.

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PSD Codax is a global designer/manufacturer of carwash code entry and access control systems, stated the release.

Kevin Detrick, president of ICS, said that the new alignment “makes great strategic sense” for both companies, reported the release, and that the product lines and geographic coverage are complementary. He adds in the release, “We are confident that the synergies created will offer significant benefits for customers around the world.”

“When the Global Financial Crisis in 2008 negatively impacted sales, ICS expanded beyond the conveyor carwash segment into the in-bay and self-service markets by developing new products and a multisite management system called WashConnect,” stated Rob Deal, ICS vice president of international sales, in the release.

ICS also initiated a territorial expansion outside of the U.S., added the release.

“We soon encountered PSD Codax and their forecourt code entry systems in virtually every market but North America. The geographic fit is excellent,” asserted Deal in the release. “Together we are creating a global carwash electronics company with a wide range of evolving capabilities for customers.”

ICS will continue to operate PSD Codax from its current headquarters in Bristol, England, noted the release, which provides the combined customer bases with full technical support through a global network of call centers.

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“The opportunities for global synergy are immense. PSD Codax serves thousands of retail carwash and forecourt sites around the world. ICS products complement our own,” said Graham Round, sales director for PSD Codax, in the release. “Coming together with ICS will move Codax into a new phase of business development that offers more marketing functionality, operational control and connectivity for current and future customers.”

You can find the release here.

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