Ecotec Announces Strategic Investment

Canadian software and instrumentation specialist Ecotec International announced a strategic investment from Intrepid Investment Management, the company said on February 3.

Ecotec will use the proceeds to accelerate the production and roll-out of its instrumentation and emissions data collection software to fulfill increasing demand in the biogas and oil and gas industries.

“We believe this is a unique opportunity to partner with thought leaders in the oil and gas and energy transition industries, particularly as we continue to grow our oil and gas business,” said Tim Novick, CEO of Ecotec. “The Intrepid team brings over 200 years of collective experience advising and investing in the energy and energy transition sectors through multiple cycles and against secular changes throughout their history.”

Ecotec provides instrumentation and software solutions to companies and municipalities around the world, to manage and remediate environmental footprints by accurately identifying and quantifying their greenhouse gas emissions.