Leading UK construction software company COINS (Construction Industry Solutions Ltd) has announced the acquisition of AssetTagz, an innovative provider of asset management solutions.
The acquisition strengthens COINS asset management capabilities, enhances the COINS Construction Cloud platform and expands the market reach of the AssetTagz solution.
AssetTagz is designed for managing assets across multiple industry sectors, delivering value to a wide spectrum of businesses from small, emerging companies to large, multi-national organisations with complex requirements and business processes.
Robert Brown, COINS Group CEO, 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.”
AssetTagz enables assets to be tracked, traced, and located using a powerful combination of RFID (Radio Frequency Identification), NFC (Near Field Communication) and barcodes. A cloud-based central repository of asset information provides an organisation with a single source of truth of its inventory of any assets, from hand tools and safety equipment through to heavy plant and tower cranes, reducing cost, improving the utilisation, increasing compliance and the auditability of all assets.
“We are absolutely delighted that the next phase in AssetTagz’ evolution has been secured,” said Hiten Kantelia, CEO & Co-Founder of AssetTagz. “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.”
AssetTagz will continue to trade under its current brand as a sister company to COINS, but with closer sales collaboration and technical integration of its solution with COINS Construction Cloud.
