At a glance
- COSOL acquires Core Asset - an Australian-based asset performance advisory firm, providing a substantial boost to COSOL’s asset management consulting capability.
- Core Asset provides strategic planning, decision support, asset performance turnaround, and operational readiness services to major asset-intensive organisations across natural resources, agribusiness, and utilities.
- Acquiring Core Asset further strengthens COSOL’s position as a single provider of asset management solutions and provides Core Asset’s clients with access to COSOL’s full suite of asset management capabilities including best-of-breed technologies and data migration and management services.
COSOL is pleased to announce a substantial boost to our asset management consulting capability with the acquisition Core Asset Co Pty Ltd (Core Asset).
Core Asset is an Australia-based asset performance advisory firm that provides data-driven insights and solutions to clients to help improve the performance of their asset networks and their return on investment. Founded in 2018, Core Asset now serves major clients across the natural resources, agribusiness, and utilities sectors.
Core Asset's specialist expertise includes:
- Strategic Planning - supporting performance across an assets entire lifecycle
- Decision Support - aiding high-impact decision-making
- Asset Performance Turnaround - enabling safe, rapid, and sustainable change in operations
- Implementation and Capability Support - enabling meaningful actions
- Operational and Asset Readiness - ensuring consistent asset performance from day one to disposal
The acquisition of Core Asset strengthens COSOL’s position as a leading provider of asset management solutions with the addition of these new capabilities, expands the reach of COSOL’s end-to-end asset management offerings into executive-level asset management professionals, and further builds out COSOL’s Asset Management Process practice with a focus on strategic asset management planning services.
For clients, the addition of Core Asset to the COSOL group further strengthens our value proposition as a single supplier of asset management services, including operations strategy, resourcing, systems implementations, data management, and managed services, through COSOL’s suite of solutions across Asset Management People, Process, Systems, and Data. As a COSOL company, Core Asset can offer clients an expanded asset management offering (such as best-of-breed technologies, integration, data management and migration) to provide increased impact and value.
Scott McGowan, COSOL CEO said,
“The Core Asset team is highly regarded in the asset management sector and will strengthen COSOL’s position as a global leader in unlocking asset potential for our clients. COSOL’s focus is on building deep, trusted relationships with our customers where we can become central to digital transformation and business operation outcomes in capital-intensive, revenue-critical business functions. Core Asset and its team provide a substantial boost to our capability and will accelerate the rollout of our Asset Management as a Service (AMaaS) offering across our loyal, customer base.”
Core Asset CEO, Joshua Old said,
“Our ability to unlock business value from smarter asset management decisions and technical expertise, combined with the COSOL team’s track record and reputation for best-of-breed technologies will provide a fantastic platform for growth and increased client impact and value.”
COSOL are excited to welcome the entire Core Asset team to the COSOL group.
About COSOL
Established in 2000, COSOL is now a leading global provider of asset management solutions that span the people, process, systems, and data elements of asset management. Since 2020, we have worked to expand the capabilities, services, and solutions that we offer our customers worldwide. In 2020, we acquired North American company AddOns Inc., followed by Australia-based businesses Clarita Solutions in 2021, Work Management Solutions (WMS) in 2022 and the AssetOn Group in 2023. The acquisition of Core Asset further strengthens our value proposition as a single supplier of asset management services. Learn more about COSOL's History >
About Core Asset
Founded in 2018, Core Asset is an asset performance improvement consultant that helps leaders make smarter decisions about their heavy mobile and fixed assets. Core Asset provides data-driven insights and solutions to some of the largest mining companies in the world, significantly improving their performance and return on investment. With a focus on collaboration and capability transfer, Core Asset works side-by-side with client teams to create meaningful action that generates real, measurable performance improvements. Learn more about Core Asset >