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Cognosos acquires GearTrack for AI asset visibility

Jul 24, 202518 days ago

Acquiring Company

Cognosos

Acquired Company

GearTrack

AtlantaDania BeachInformation TechnologySupply Chain ManagementLogistics

Description

Cognosos has acquired GearTrack by COX2M to enhance AI-powered asset visibility solutions. This acquisition combines both companies' strengths in location tracking and operational analytics. Following the merger, GearTrack aims to expand its presence in several key sectors including automotive and logistics. Together, they plan to deliver innovative tracking solutions that redefine asset management.

Company Information

Company

Cognosos

Location

1100 Spring St NW

Atlanta, Georgia, United States

About

Cognosos utilizes the power of AI/ML to transform tracking data into operational intelligence, redefining the value of location solutions. Cognosos is able to quickly deploy with an ultra-lightweight footprint that excels in complex environments, producing a hard-dollar ROI within months through a subscription based service model. We help customers hit their goals, whether that’s reducing costs, increasing velocity, or improving staff safety. Join the leading brands in healthcare, automotive, logistics, and manufacturing that see results with Cognosos.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed