Datalogic, a provider of automatic data capture and industrial automation tools based in Bologna, Italy, has agreed to acquire machine-vision solutions supplier PPT Vision (Minneapolis, MN, USA). The agreement is effective immediately. PPT will maintain its Minneapolis headquarters, with a global network of sales partners, distributors, and integrators, according to Bob Heller, who will continue as president and CEO, reporting to Datalogic's Guglielmo Piazzi,who will assume the role of PPT chairman.
According to the terms of the acquisition, PPT will operate as a separate company and as a center of excellence for machine vision within Datalogic Automation, the Industrial Automation division of Datalogic Group.
“Datalogic’s ID and bar coding technologies and vision sensors are highly compatible with PPT’s strengths in high-performance, embedded vision systems,” says Heller. “Our organizations are already collaborating on new technologies, to be introduced in first quarter 2012, that expand our broad product roadmap to fully serve today’s growing machine-vision market.”
Datalogic reported the value of the transaction at $5.2 million, financed with internal capital resources. A significant portion of PPT’s value was in intangible assets, including patents, trade secrets, copyrights, and other intellectual property rights, as well as a portfolio of customers and strategic partners. Tamburi Investment Partners acted as financial advisor for the transaction, which is expected to close in December.
SOURCE: PPT Vision
-- Posted by Vision Systems Design