Augusta Technologie acquires LMI Technologies

  • May 04, 2011
  • LMI Technologies
  • News

May 4, 2011 - Augusta Technologie acquires LMI Technologies. As a result of this acquisition, LMI will become part of a larger world-wide company in the field of digital imaging technologies. Augusta is located in Munich, Germany, and focuses on two market segments - Sensors and Vision. Within its Vision Segment, Augusta is already leading the market in digital cameras for machine vision under the Allied Vision Technologies brand: with FireWire cameras ranked #1 and GigE cameras ranked #2. "LMI is a perfect fit to our Vision activities and will give us access to the rapidly growing 3D market. Combining LMI's strength in 3D with our leading market position in digital machine vision cameras will offer multiple benefits and a much broader product offering for the combined customer base worldwide," said Amnon Harman, CEO of Augusta Technologie AG commenting on the acquisition. Augusta's mission is to further increase its presence in existing and new growth markets – regional and product-related – within the vision industry. LMI's innovative technology and culture offers entry into the growing 3D market and further regional expansion especially into North America. LMI 3D products move the AUGUSTA Vi-sion Group up the value chain from components to systems and solutions. Through Augusta, LMI can expand its distribution channels for Gocator. This will help ensure Gocator is well positioned worldwide as a leading, all-in-one, easy to use 3D measurement sensor. Additionally, LMI will benefit from the extensive camera technology capabilities to further develop unique 3D solutions for our customers in new and existing vertical markets. With LMI as a leading expert in 3D sensor solutions, the Augusta Group will continue to support LMI as the "specialist for industrial 3D measurement and control appli-cations.". The CEO of LMI Technologies Inc., Terry Arden, will retain his position following the acquisition of the company. "We are delighted to become part of the AUGUSTA Group, given the attractive synergies arising for both parties. In particular, the AUGUSTA focus on building a worldwide leading vision house will position us to serve our customers even better than today," said Terry Arden. Augusta Technologie AG is an integrated technology group with a focus on the niche markets of digital image processing (Vision) and sensor technology (Sensors). AUGUSTA generated revenues totaling EUR 129.3 million, and EUR 20.1 million in earnings before interest, tax, depreciation and amortization (EBITDA) in the 2010 financial year.

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