Esko Sells AVT to Porat Itay Holdings

Esko has announced the sale of its Advanced Vision Technology (AVT) print inspection business to Porat Itay Holdings, Ltd., with an anticipated closing of the transaction in Q1 2025, subject to any customary conditions under applicable local law.

The divestiture includes assets, employees, contractual agreements and intellectual property specific to AVT. Under its new ownership, AVT will maintain its brand name, identity, and product portfolio.

Porat Itay is a private company based in Israel, founded by Roy Porat and Yaron Itay. Roy Porat had previously held the role of president, AVT from 2020 until 2022, and Yaron Itay has successfully built and led several industrial technology companies in Israel.

“Selling the print inspection business enables AVT to operate with the strategic focus necessary to drive its growth and innovation,” says Joel Depernet, president, Esko. “With our commitment to drive value accretive growth within our culture at Esko, it became apparent that our strategic ambitions in packaging management, prepress workflow and flexo platemaking solutions hindered ambitions of the AVT print inspection business. Under new leadership, I am sure AVT has exciting times ahead.”

“We are very excited about this opportunity, as it is the beginning of a new era for AVT. Given my familiarity with the AVT business, I am confident that with the support of the associates globally, we will demonstrate the right strategic focus and commitment to investment to grow the business and serve our customers,” said Porat.