AVT enters into agreement for acquisition by Danaher’s Product Identification Platform

Print Solutions

Advanced Vision Technology 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.

AVT’s in line 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 strong position in print inspection and quality control with X-Rite’s colour 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.

Jaron Lotan, AVT’s CEO, commented: ‘This is an exciting next step in the development of AVT, both for our customers and for our associates. 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.’

‘We are thrilled to have AVT join Danaher's Product Identification Platform, which includes X-Rite, Pantone, Esko, MediaBeacon, Videojet, Linx, Laetus and Foba,’ said Joakim Weidemanis, group executive for Danaher’s Product ID platform. ‘AVT is an outstanding business characterised 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.’

The transaction is expected to be completed in the second quarter of 2017.