Allied Vision Technologies (AVT) has recorded 2010 sales turnover of €43.4 million ($58.8 million), about 58 per cent more than in 2009.
The number of AVT employees also rose in comparison to 2009 at a rate of almost 20 per cent to 158 people worldwide, supporting the company's further development.
'Our success in the past year is due not only to the need to recover from the crisis of 2009,' commented Frank Grube, president and CEO of AVT. 'We follow a clear growth strategy that rests on three pillars: technological innovation, worldwide expansion and diversification of our business markets. In 2010, we harvested the first fruits of this strategy. With the acquisition of VDS-Vosskühler on 1 January 2011, the foundation has been laid for the next expansion of our position as the leading camera manufacturer in the machine vision market.'
AVT introduced two new camera families in 2010, which contributed to the company's growth: the Prosilica GX at the upper end and the high-volume model Manta.
Both camera series are based on the GigE Vision interface and between 2009 and 2010, AVT sales of GigE Vision cameras more than doubled. The FireWire camera business also demonstrated strong growth with a 30 per cent increase in sales.
Elsewhere, AVT expanded its position in Asia, opening a branch office in Singapore in February 2010. Further drivers of growth were the identification of new, non-industrial areas of application for digital imaging. Alongside medical imaging, traditionally a strong segment for AVT, the company expanded its position particularly in the market for intelligent transport systems (ITS).
