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Press Release

Dürr Group strengthens digital product range through acquisition of Cogiscan

- Specialist for connectivity in smart factories

- Expansion of the MES business

- Better marketing of digital product ranges in North America

Bietigheim-Bissingen, February 17, 2021 – The Dürr Group is expanding its range of products and services for the digitalization of production processes through the acquisition of the technology provider Cogiscan Inc. The Canadian IT company with approximately 50 employees specializes in connectivity solutions for digitally connecting machines. This allows machine data from different parts of a production to be recorded, exchanged and passed on to higher-level Manufacturing Execution Systems (MES) for factory control. With this acquisition, the Dürr Group intends to expand further in the MES business and strengthen its position in the North American market for digital solutions.

The core products of Cogiscan include, for example, the Co-NECT interface technology and the TTC server platform. They serve as a link between the machines in production – the so-called shop floor – and the higher-level manufacturing execution system. As such, they play an important role in the digitalized smart factory. Cogiscan was founded in 1999 in Bromont, Quebec, and has so far mainly supplied manufacturers of electronic products. Worldwide, more than 450 factories in 50 countries work with Cogiscan technologies.

“The acquisition of Cogiscan is an important step in expanding our MES business,” says Dr. Jochen Weyrauch, Deputy CEO of Dürr AG. “This will help us become even more flexible in marketing and better able to establish connectivity between a customer’s machinery and our MES applications. This increases the attractiveness of our MES range. In addition, we can significantly strengthen our market presence in North America.” Dürr and its subsidiary iTAC have so far equipped over 500 factories worldwide with MES applications. iTAC was acquired in 2015 and represents an important center of competence for MES technology within the Dürr Group.

iTAC has been cooperating with Cogiscan for many years and has now acquired 100% of the shares in the Canadian partner. “The acquisition of all Cogiscan shares was the next logical step,” says Peter Bollinger, CEO of iTAC Software AG. “This allows us to join forces, offer customers end-to-end solutions and benefit from synergies.” Within the Dürr Group, iTAC and Cogiscan are part of the Digital Factory. This virtual organization bundles activities in the areas of digitalization and software in order to develop and bring to market new solutions faster and more efficiently. The HOMAG and Schenck subgroups, which belong to the Dürr Group, are also involved in the Digital Factory.

The Dürr Group is one of the world's leading mechanical and plant engineering firms with extensive expertise in automation and digitalization/Industry 4.0. Its products, systems and services enable highly efficient manufacturing processes in different industries. The Dürr Group supplies sectors like the automotive industry, mechanical engineering, chemical, pharmaceutical and woodworking industries. It generated sales of € 3.92 billion in 2019. The company has around 16,200 employees and 112 business locations in 33 countries. The Group operates in the market with the brands Dürr, Schenck and HOMAG and with five divisions:

  • Paint and Final Assembly Systems: paint shops as well as final assembly, testing and filling technology for the automotive industry
  • Application Technology: robot technologies for the automated application of paint, sealants and adhesives
  • Clean Technology Systems: air pollution control, noise abatement systems and coating systems for battery electrodes
  • Measuring and Process Systems: balancing equipment and diagnostic technology
  • Woodworking Machinery and Systems: machinery and equipment for the woodworking industry

This publication has been prepared independently by Dürr AG/Dürr group. It may contain statements which address such key issues as strategy, future financial results, events, competitive positions and product developments. Such forward-looking statements are subject to a number of risks, uncertainties and other factors, including, but not limited to those described in disclosures of Dürr AG, in particular in the chapter “Risks” in the annual report of Dürr AG. Should one or more of these risks, uncertainties and other factors materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performances or achievements of the Dürr group may vary materially from those described in the relevant forward-looking statements. These statements may be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. Dürr AG neither intends, nor assumes any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.

Our financial reports, presentations, press releases and ad-hoc releases may include alternative financial metrics. These metrics are not defined in the IFRS (International Financial Reporting Standards). Net assets, financial position and results of operations of the Dürr group should not be assessed solely on the basis of these alternative financial metrics. Under no circumstances do they replace the performance indicators presented in the consolidated financial statements and calculated in accordance with the IFRS. The calculation of alternative financial metrics may vary from company to company despite the use of the same terminology. Further information regarding the alternative financial metrics used at Dürr AG can be found in our → financial glossary on the web page.