Acquiring Company
Cognosos
Acquired Company
GearTrack
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.
M&A Insights
Based on deal dataIntegration 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