Allied Vision Technologies (AVT), a provider of digital FireWire industrial cameras, has acquired 100 per cent of the shares of Canadian camera manufacturer Prosilica. The merger extends AVT's position in the area of digital cameras for industrial image processing.
Prosilica, which was founded in 2003, develops, produces, and markets high-quality industrial cameras based on digital GigE technology. Through Prosilica, AVT gains immediate access to the Gigabit Ethernet industrial camera market to expand its customer base.
The technology teams of both companies will be working on the further development of both FireWire and GigE interface camera systems, which will be sold under the brand names already established by the two companies.
At Prosilica, the entire founding team led by CEO Marty Furse will remain in place and will work together with AVT to further expand the business with GigE cameras and to implement new developments.
Frank Grube, president and CEO of Allied Vision Technologies, commented: 'In Prosilica we have found the perfect complement to Allied Vision Technologies. The high-class cameras from Prosilica represent an excellent strategic extension to our existing product range in the area of machine vision. At the same time, this acquisition allows us to offer our customers a broad product portfolio that now also includes GigE cameras; enabling us to further expand our market position in North America, Europe, and Asia.'
'We are happy to become part of Allied Vision Technologies,' said Marty Furse, CEO of Prosilica. 'Being part of this larger organisation will accelerate Prosilica’s growth and enhance its market presence.'
