Canadian companies merge
Canadian companies merge
GEORGE KOTELLY
A leading supplier of hardware and software products for the high-end computer-vision industry, Coreco Inc. (St. Laurent, Quebec, Canada) has entered into an agreement to purchase the imaging-board business of Dipix Technologies Inc. (Ottawa, Ontario, Canada). In addition, Coreco will invest in Qualivision, a Dipix systems business, setting the framework for their customers to develop turnkey solutions. Terms of the agreement were not disclosed. Dipix Technologies is a manufacturer of DSP-based imaging products, including image processors and large end-user system solutions for OEMs developing vision systems in the semiconductor, industrial, and military markets. The company`s expertise in developing line-scan camera applications will be the driving force for entry into new markets for Coreco`s hardware.
"We are delighted to have made this strategic acquisition," says Coreco president and chief executive officer Keith Reuben. "Coreco gains numerous benefits, including the expansion of our presence in the high-end vision market with Dipix`s DSP boards and XVL software. In addition, the arrival of key R&D staff from Dipix will help us to take full advantage of these growth opportunities."
Dipix will operate as a division of Coreco and continue to operate out of Ottawa.