MONTABAUR – iTAC Software will acquire 100% of the shares of Cogiscan for an undisclosed sum, the company announced today.

Bromont, Quebec-based Cogiscan was founded in 1999 and provides factory automation software for electronics manufacturing industry. It will continue to operate independently after closing.

iTAC, which is a subsidiary of the Dürr Group, cited Cogiscan's expertise in Industry 4.0 as an impetus for the deal.

“Digitalization is one of the Dürr Group’s core competences and offers great potential for growth. With the acquisition of Cogiscan, we will be adding a strong team of experts and key technologies to the Digital Factory, which is a cross-divisional virtual organization for joint development of digital products within the Dürr Group,” said Peter Bollinger, CEO, iTAC Software AG.

Cogiscan has more than 450 customer sites across 50 countries. The two companies have been collaborators for more than 10 years, with Cogiscan supplying machine data to iTAC's MES for corporate customers.

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