Danaher acquires AVT

Advanced Vision Technology, or AVT, best known for developing inspection and press control systems that are widely used in packaging, has been acquired by Pelican Merger Holdings Israel Ltd and will become part of Danaher Corporation’s Product Identification Platform.

AVT has developed a number of inline inspection systems such as Helios Turbo, that are widely used by packaging converters.

Danaher has a growing portfolio of companies in the packaging brand management sphere, which already includes Esko and X-Rite. There’s an obvious synergy between these companies and AVT in developing packaging workflow solutions

Danaher also owns Videojet, which produces coding and marking systems and Mediabeacon, which is a digital asset management solution, as well as Laetus, a German company specializing in inline quality inspection systems that Danaher acquired back in 2015.

Joakim Weidemanis, group executive for Danaher’s Product ID platform, commented: “AVT is an outstanding business characterized by innovative products, a strong brand, dedicated team and excellent growth prospects. We see AVT as a natural complement to our platform of businesses serving packaging and label production value chain.”

Pelican Merger is set to acquire all of the outstanding shares of AVT for €14.50 per share in cash. The deal is expected to complete over the next couple of months, subject to the usual regulatory conditions.



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