Element Partners invests in Calgarys' Detechtion Technologies

Calgary-based Detechtion Technologies, a specialist in performance optimization and fleet management technology for natural gas compression fleets, has secured an undisclosed strategic investment from U.S. growth equity firm Element Partners, which is focused on opportunities in energy, environmental and industrial sectors. Concurrent with the deal, Detechtion announced the appointment of Chris Smith, the former CEO of Cygnet Software, as the company's new president and CEO, and Gerry Conroy, as senior vice president of products and portfolio. Company founder Brian Taylor, previously president and CEO, will become chairman of the board of directors.

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