Stemmer Imaging Acquired Elvitec

The management from Stemmer Imaging and Elvitec at the signing of the contract (from left): Yannick Harlaut, Elvitec, Marc Moreau, Elvitec, Christof Zollitsch, Stemmer Imaging, David Lacroix, Elvitec, Lars Böhrnsen, Stemmer Imaging, Anne Mogé, Elvitec, Martin Kersting, Stemmer Imaging, and Baptiste Guldner, Stemmer Imaging (Source: Stemmer Imaging).

Stemmer Imaging continues to consistently implement its growth strategy after its successful IPO. In a share deal, the wholly owned subsidiary Stemmer Imaging SAS acquired 100 percent of the shares in the French Elvitec SAS. The company from Pertuis, near Aix-en-Provence, is an established provider of camera solutions for industry, monitoring, and imaging. The Management Board of Stemmer Imaging AG expects the acquisition to result in an anticipated additional revenue contribution of around nine million euros and an EBITDA margin of around 11 percent at Elvitec in the 2018/2019 financial year. The company is consolidated retrospectively from 1 July 2018.

“France is an exciting and dynamically growing market for automation solutions and robotics. As one of the leading providers of machine vision technology, it is important for us to be substantially represented and to grow in key markets. Just like we have set out in our strategy. We are delighted to have found another fitting acquisition target after the successful acquisition of Data Vision at the end of January,” says Lars Böhrnsen, CFO of Stemmer Imaging.

“With Elvitec, we are augmenting our portfolio with an optimally connected distributor. At the same time, we are strengthening our presence in the French market and our expertise for francophone countries. In short, we have succeeded in acquiring an established provider that is simultaneously the perfect complement for our Group,” says Christof Zollitsch, CEO of Stemmer Imaging.

Both parties initially agreed not to disclose the purchase price. (Source: Stemmer Imaging)

Links: STEMMER IMAGING AG Germany / Austria, Puchheim, Germany • ELIVTEC S.A.S, Pertuis, France

Further reading: Stemmer Imaging Goes Public, Acquires Data Vision, photonicsviews.com, 2nd February 2018

Speak Your Mind

*