AVT to be acquired.

Position:INDUSTRY: News

* Advanced Vision Technology (AVT) has announced that it has entered into a definitive merger agreement with Pelican Merger Holdings Israel, pursuant to which it will be acquired by Danaher Corporation's Product Identification Platform. 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, companies within Danaher's Product Identification Platform. Combining AVT's strong position in print inspection and quality control with X-Rite's color inspection capabilities, and Esko's packaging workflow, enables 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, comments,"This is an exciting next step in the development...

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