Slough-headquartered Construction Industry Solutions Ltd (COINS) has acquired AssetTagz in a bid to strengthen its asset management capabilities, enhance its cloud platform, and expand the AssetTagz application.
Leicestershire-based AssetTagz enables assets to be tracked, traced, and located using a combination of radio frequency identification, near field communication, and barcodes.
Robert Brown, COINS chief executive, said: “With the acquisition of AssetTagz and its solutions, COINS gains another important piece of the jigsaw puzzle in the digitisation of end-to-end construction processes.
“This acquisition furthers COINS core strategy of providing solutions which deliver a real-time, single source of truth to construction companies looking to reduce cost, increase compliance and improve decision making.
“AssetTagz solutions are already in use by several COINS customers, including Byrne Group, Careys, Keltbray, Reach Active and Laing O’Rourke, and we look forward to working closely with AssetTagz to expand their footprint in both the COINS customer base and beyond.”
The company will continue to trade under its current brand as a sister company to COINS.
Chief executive and founder Hiten Kantelia added: “We have partnered with COINS on opportunities for several years, with many customers now successfully using both of our solutions.
“Becoming a sister company of COINS provides exciting opportunities for our overall growth, most excitingly within the construction sector, whilst retaining our autonomy and agility as an independent asset management solution provider.”
Image credit: giggsy25/Shutterstock
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