Invixium acquires Triax Technologies

TORONTO — Invixium, a provider of biometric access control, workforce, and visitor management solutions, announced its acquisition of U.S.-based Triax Technologies (Triax).

Calling it a “strategic acquisition,” Invixium said it expands its portfolio with Triax’s AI-based RTLS (Real-Time Location Systems) and connected worker solutions, designed to improve worker productivity and equipment utilization. This move broadens its scope beyond entry-point access control to address challenges within critical infrastructure and industrial worksites such as oil and gas, manufacturing, construction, chemical, mining, and energy the company stated.

“We’ve identified more real-world problems to solve,” said Shiraz Kapadia, CEO & president of Invixium. “This acquisition highlights our commitment to delivering innovative solutions that address our customers' health, safety, security, and productivity demands for their sites. With the addition of Triax, we now offer comprehensive end-to-end solutions, from secure entry points to the entire operational environment. This bold step marks a pivotal advancement in our growth strategy.”

In a release the companies wrote that their combined technologies would help organizations minimize unauthorized access risks and streamline operations, setting new standards in industrial safety and efficiency.

“Triax’s labor productivity and workplace safety platform perfectly complement Invixium’s established portfolio of biometric access solutions and services,” stated Scott MacDonald, chairman of the board at Triax Technologies. “I am confident that Invixium will continue to enhance the combined solutions and expand their impact, driving significant value for our collective industrial customers and stakeholders.”

Invixium said it is committed to a seamless integration process, ensuring service continuity and introducing a broader spectrum of technologies to address the evolving demands of the customer base of both companies.

The financial terms of the acquisition were not disclosed.