03.06.17
Advanced Vision Technology (AVT) has announced that it has entered into a definitive merger agreement with Pelican Merger Holdings Israel Ltd. pursuant to which it will be acquired by Danaher Corporation’s Product Identification Platform. Pelican Merger Holdings Israel Ltd. will acquire all of the outstanding shares of AVT for €14.50 per share in cash.
AVT’s inline inspection systems are used by the world’s top packaging and label converters to improve product quality and efficiency of their operations. Many of the same customers are served by X-Rite and Esko, market-leading companies within Danaher’s Product Identification Platform. Combining AVT’s position in print inspection and quality control with X-Rite’s color inspection capabilities, and Esko’s packaging workflow will enable all three companies to offer solutions that simplify management of complex packaging value chains for both packaging converters and CPG brand owners.
“This is an exciting next step in the development of AVT, both for our customers and for our associates,” Jaron Lotan, AVT’s CEO, said. “Being part of Danaher’s Product Identification Platform will strengthen our ability to continue to execute our existing strategy and will enable us to bring more innovative and connected solutions for the packaging and label value chain.”
AVT’s inline inspection systems are used by the world’s top packaging and label converters to improve product quality and efficiency of their operations. Many of the same customers are served by X-Rite and Esko, market-leading companies within Danaher’s Product Identification Platform. Combining AVT’s position in print inspection and quality control with X-Rite’s color inspection capabilities, and Esko’s packaging workflow will enable all three companies to offer solutions that simplify management of complex packaging value chains for both packaging converters and CPG brand owners.
“This is an exciting next step in the development of AVT, both for our customers and for our associates,” Jaron Lotan, AVT’s CEO, said. “Being part of Danaher’s Product Identification Platform will strengthen our ability to continue to execute our existing strategy and will enable us to bring more innovative and connected solutions for the packaging and label value chain.”
