PPT Vision Acquired By Datalogic
Published: December 1st, 2011
PPT Vision Inc., Minneapolis, has announced that Datalogic S.p.A. has agreed to acquire PPT Vision, effective immediately. According to the terms of the acquisition agreement, PPT will operate as a separate company and as a center of excellence for machine vision within Datalogic Automation, the Industrial Automation division of Datalogic Group.
After the closing, Guglielmo Piazzi will assume the responsibility of chairman of PPT Vision Inc., reporting to Datalogic Automation CEO, Gian Paolo Fedrigo.
“PPT Vision is revered in the machine vision industry for its flexible software platform and expansive, high-performance inspection systems, from smart cameras to embedded vision systems and custom-tailored solutions,” said Piazzi. “We will continue to look to PPT for its vision and leadership in defining next-generation technologies for our global customer base.”
PPT will maintain its Minneapolis headquarters, with a network of strategic sales partners, distributors and integrators around the world, according to Bob Heller, who will continue as president and CEO, reporting to Piazzi.
“Today’s announcement marks a bold step forward in executing PPT’s goal to be the best in the world in machine vision solutions for manufacturing companies,” said Heller. “The partnership provides both organizations with stronger global sales channels, additional product development resources and industry leadership positions in automation and machine vision.”
Datalogic is a world-class total solutions provider and producer of bar code readers, data collection mobile computers, RFID and vision systems, according to Heller. “Datalogic’s ID and bar coding technologies and vision sensors are highly compatible with PPT’s strengths in high-performance, embedded vision systems,” he said. “Our organizations are already collaborating on new technologies, to be introduced in first quarter 2012, that expand our broad product road map to fully serve today’s growing machine vision market.”
Datalogic reported the value of the transaction at $5.2 million, financed with internal capital resources. A significant portion of PPT’s value was in intangible assets, including patents, trade secrets, copyrights and other intellectual property rights, as well as a large portfolio of customers and strategic partners.