AssetLink Global Acquired by Geoforce

Geoforce, a leader in rugged asset intelligence solutions, announced the acquisition of AssetLink Global, a 2022 graduate of The Greater Scranton Chamber of Commerce’s entrepreneurship program, IGNITE. AssetLink is an electronic product development company specializing in low-voltage, battery-operated devices, and is an anchor tenant at The TekRidge Center.

AssetLink CEO David J. Goldstein highlighted the strategic alignment between the two corporations.

“Geoforce gives AssetLink the scale and resources to expand our impact without compromising what makes our solutions trusted in the public sector,” said Goldstein. “Together, we can accelerate innovation while continuing to support the mission-critical programs our customers rely on.”

Since its inception, AssetLink has grown into a global leader in the next generation of cloud Internet of Things (IoT) systems. Its solutions have supported companies of all sizes, including those in the agriculture, heavy equipment and mining, oil and gas, maritime, and transportation sectors.

With AssetLink, Geoforce, which is based in Plano, Texas, expands into new asset categories and deployment models, reinforcing its focus on complex industries where reliability is non-negotiable.

“For AssetLink, this is about accelerating what we can build to help our customers,” said James Maclean, CEO at Geoforce. “By combining AssetLink’s engineering talent and intellectual property with that of Geoforce, we are positioned to move faster, experiment more boldly, and deliver solutions that meet the evolving needs of both industrial and government customers.”

While Geoforce is based in Texas, AssetLink will remain in Jessup, meaning that all of the local jobs they have created will remain in Lackawanna County.

AssetLink Global is the latest in a string of success stories that can be traced back to IGNITE.

“The goal of the IGNITE program is to provide budding entrepreneurs with the resources needed to take their businesses from idea to reality,” said Bob Durkin, president of The Greater Scranton Chamber of Commerce. “David Goldstein has embraced this concept, adding the intelligence and drive of his team, and is realizing the dream of business success.”

The IGNITE Program serves to grow businesses and create jobs by fostering entrepreneurs and their companies in northeastern Pennsylvania through education, counseling, networking, and mentorship support. The program has created approximately 580 jobs, raised $5 million in capital, and graduated 57 companies.

“We’re so excited that AssetLink was acquired. We love to see the success of our companies that have graduated from the IGNITE program,” said Mary McDermott, IGNITE program manager. “[The acquisition] shows the success of AssetLink Global, and the success of our community in NEPA and the entrepreneurship ecosystem.”