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iTAC Software Acquires Cogiscan

18. Februar 2021, 14:25 Uhr   |  Ute Häußler

iTAC Software Acquires Cogiscan
© iTAC

With the purchase of Cogiscan, Dürr aims to strengthen its Digital Factory and close the gap between the store floor and control systems.

iTAC Software AG acquires 100% of the Canadian company Cogiscan Inc. With this acquisition, the company, which belongs to the Dürr Group, aims to increase its position in the area of digitalization and smart factory.

Cogiscan is an IT expert for electronics manufacturing, active in the areas of connectivity and analytics. The track and trace solutions provider is to continue to operate independently. Cogiscan brings extensive expertise on machine connectivity, analytics and factory automation software, as well as an extensive network of partnerships with leading machine and software vendors.

The Dürr Group, which already has a strong focus on digitalization as a growth area, will use Cogiscan as an internal team of experts across divisions to develop digital products.

Track, Trace, Control Connects Shopfloor with Control Systems

Founded in 1999, Cogiscan is considered a technology leader in the electronics manufacturing industry. Its proprietary TTC (Track, Trace and Control) platform provides a foundation for the smart factory of the future, bridging the gap between the shopfloor and enterprise systems such as MES, PLM and ERP.

Dürr's acquisition of Cogiscan by iTac is a response to the projected above-average growth rates for machine connectivity. Manufacturing companies are under increasing pressure to accelerate their digitization initiatives to optimize their competitiveness in a rapidly changing global supply chain, according to Dürr. This is where the company intends to start with the acquisition.

Expanding the Existing Partnership

Cogiscan has been working with iTAC for more than 10 years. Several leading MES vendors, including those in electronics manufacturing, use machine data collected by Cogiscan to improve the value and efficiency of their own solutions. In addition, Cogiscan has built strong partnerships with leading machine manufacturers, providing connectivity and other TTC technologies embedded in machine manufacturers' software portfolios.

Management Remains on Board

According to Vincent Dubois, CEO and co-founder of Cogiscan, the acquisition brings two key benefits. He points to the financial cushion of a group driving innovation and the synergies created to accelerate the implementation of the original entrepreneurial vision. »We believe this is a perfect fit for both companies and we look forward to this new stage in our corporate history,« Dubois said. The CEO will remain on board with the other co-founders and management team for several years as part of the transition plan.

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iTAC Software AG, Dürr Systems GmbH