Datalogic recently announced that the acquisition, through a US subsidiary, of PPT Vision, Inc., a U.S. company which has been present in the machine vision market for nearly 30 years, has been completed.
PPT Vision develops, manufactures and distributes products and solutions based on smart cameras and multi-camera vision systems for applications in quality control and inspection in most manufacturing industries.
The extraordinary PPT Vision Inc. Shareholders' Meeting, held yesterday, approved the sales of the company to Datalogic at a price of USD 0.13 per share, for a total amount of the transaction of 5.2 million USD.
Mauro Sacchetto, Datalogic Group CEO, stated: "The acquisition of PPT is a further confirmation of our strategy to supply our customers with complete solutions, reinforcing our positioning on the market of Industrial Automation and completing our offering of high end range of solutions and services in the new and innovative machine vision technology."
About Datalogic Group
Datalogic Group is a global leader in Automatic Data Capture and Industrial Automation. As a world-class total solutions provider and producer of bar code readers, data collection mobile computers, RFID and vision systems, Datalogic offers innovative solutions for a full range of applications in the manufacturing, retail and transportation & logistics industries. Datalogic S.p.A. is quoted on the STAR segment of the Italian Stock Exchange since 2001 as DAL.MI, and is headquartered in Lippo di Calderara di Reno (Bologna). It employs over 2,000 staff members worldwide, distributed in 30 countries across Europe, Americas, Asia, and Oceania. The Group invests over 26 million Euro each year in Research and Development and has a large and growing portfolio of 898 patents across the world. The Datalogic Group achieved revenues in 2010 up 26% to 392.7 million Euro vs. the same period of the previous year with a net profit of 18 million Euro. For more news and information on Datalogic, please visit www.datalogic.com