MULLICA HILL, N.J. — Fexa acquired Trakref. With looming regulation from the U.S. Environmental Protection Agency (EPA) and the U.S. Securities and Exchange Commission’s (SEC’s) new carbon reporting requirements that are expected to be announced this year, companies must navigate once-in-a-lifetime cost and compliance pressures in the face of economic headwinds, increasing sustainability goals, and rapidly changing customer needs that are pushing facilities and assets to their limits.
“Fexa was founded on the principle that innovative technology can play an essential role in helping companies maximize the potential of their facilities,” said Kurt Smith, CEO of Fexa. “We felt uniquely positioned to help the industry solve the immediate challenge of tracking and managing refrigerants. We did an exhaustive search for the best solution to solve this problem, and it became clear that there is no equal to Trakref’s rules engine in terms of providing a fully compliant, audit-ready solution. Ensuring a seamless transition for all customers and partners is our top priority.”