APRIL 2--InVision Technologies Inc. (Newark, CA; www.invision-tech.com) has completed the acquisition of YXLON International Holding GmbH, a leader in x-ray diffraction and nondestructive testing (NDT) based in Hamburg, Germany. InVision acquired YXLON for 38.6 million euros ($41.7 million).
YXLON has developed x-ray based diffraction for explosives detection and is a supplier of x-ray-based NDT equipment, with a presence in more than 60 countries, including the United States. YXLON generated revenues of 57.5 million euros for the year ended September 30, 2002, primarily from the NDT business.
InVision will make an additional payment of 10 million euros if YXLON's XES 3000 or XES 3500 x-ray diffraction system is certified for explosives detection by the US Transportation Security Administration by December 31, 2003. The XES 3000 system has recently been submitted for certification testing. A number of XES 3000 systems are operated by German airport authorities, the Israel Airport Authority, and by the Transportation Security Administration Technical Center for testing purposes.
