TKH Group, a provider of smart vision, manufacturing, and connectivity systems, has acquired Euresys Group, a provider of frame grabbers and 2D/3D image analysis software.
Euresys, whose turnover was €27 million in 2022, employs 82 people worldwide, 50% of which are active within R&D.
Headquartered in Belgium, it also has operations in Germany, US, Japan, Singapore and China. Its main markets are computer vision, machine vision, factory automation, and medical imaging.
The firm is known for its reliable and versatile frame grabbers, which enable images from a camera to be captured and transferred to the host memory of a PC for processing. Other activities of Euresys consist of machine vision software, IP cores and custom products.
Remarking on the move, Alexander van der Lof, CEO of TKH Group said: “The acquisition of Euresys fits our Accelerate 2025 strategy, in which we accelerate our growth both organically and through acquisitions. Euresys technology complements TKH’s existing and differentiating proprietary machine vision technologies, and adds strong software expertise, interface technologies and know how to our capabilities. We welcome Euresys in our Smart Vision systems segment and look forward to working together to further grow TKH."
Marc Damhaut, CEO of Euresys added: “We are delighted to join TKH and with our industry leading frame grabbers expand the capabilities in the markets we are jointly active in to a full suite of smart vision technologies. We see an excellent fit with TKH to combine our strengths and potential to accelerate growth together with the complementary technologies and the leverage of the combined international geographical footprint.”
TKH has financed the transaction (which has closed) from existing resources. The firm expects the acquisition to have a positive effect on its earnings per share as per 2023.
