Cognosos acquired GearTrack by COX2M, poised to accelerate innovation in location tracking and process visibility, ushering in a new era of smart, data-driven operations across industries.
"Joining Cognosos is a game-changer, bringing together how businesses track assets and optimize operations in real time,” says Ilan Gluck, general manager of GearTrack. “Combining our innovative technologies with Cognosos's expansive reach and IoT expertise allows us to offer unparalleled visibility and operational efficiency for complex asset management.”
Key takeaways:
· The acquisition merges Cognosos’ advanced real-time location systems with GearTrack’s expertise in over-the-road and container asset tracking and operational analytics, particularly within the automotive, healthcare, consumer electronics and logistics sectors. Together, the companies will form a powerhouse of AI-driven intelligence, delivering unmatched visibility, control, and insight into complex physical operations.
· Following the acquisition, GearTrack will deepen its footprint in automotive, logistics, and manufacturing, particularly original equipment manufacturers (OEMs), addressing the need for inter-factory component tracking. With enhanced data granularity, predictive intelligence, and workflow automation, the new GearTrack platform will empower customers to proactively manage assets, minimize waste, and streamline processes at scale.
"This deal is more than an acquisition, it’s a transformation," says Joe De Pinho, CEO of Cognosos. "By integrating GearTrack’s robust tracking solutions and deep market experience with Cognosos’ cutting-edge AI platform, we are creating a next-generation visibility and decisioning engine that will redefine how businesses monitor, manage, and optimize their assets and processes. The result will be faster decisions, more efficient operations, and customers more able to ‘Know Every Move’."
