Radiant Vision Systems to be acquired by Konica Minolta
Radiant Vision Systems, LLC, a provider of test and measurement solutions, has signed a definitive agreement to be acquired by Japanese technology company Konica Minolta.
Currently owned by Seattle-based private equity firm Evergreen Pacific Partners, Radiant Vision Systems develops integrated systems for light and color measurement and visualsurface inspection in consumer electronics, displays, and LED products. These systems are built around specially-calibrated CCD cameras, the most recent of which is the ProMetric Y2 imaging photometer, a 2 MPixel cooled interline transfer CCD camera that is designed for production line testing.
Konica Minolta, a company that develops multi-functional peripherals, printers, equipment for production print systems and graphic arts, equipment for healthcare systems, measuring instruments for industrial andhealthcare applications, and more, acquired Radiant Vision Systems in order to support its strategy for transforming its Sensing business unit by expanding into growing fields through the addition of new and innovative technology, skills, and resources. Now, Konica Minolta gains access to Radiant’s product portfolio and expertise in high-volume production test solutions, while providing complementary technologies and increased market exposure to Radiant.
"Since partnering with Evergreen Pacific Partners to acquire Radiant and investing in the flat panel display and surface inspection markets, the Radiant team has been focused on how to bring our measurement solutions to leading customers in these rapidly growing markets," states Paul Caragher, President and CEO of Radiant. "Becoming part of the Konica Minolta family provides an opportunity to accelerate this strategy."
With the acquisition, Konica Minolta gains the technological strength to enter to the growing market forautomated inspection systems in manufacturing, including visual surface inspection, according to the press release.
"The acquisition of Radiant will significantly strengthen Konica Minolta’s position as a leading provider of optical and sensing solutions, and supports our core strategy of offering custom capabilities to customers globally across multiple industries and applications," said Hitoshi Kamezawa, General Manager of Konica Minolta’s Sensing Business Unit.
View more information on theacquisition.
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