Industry Headlines

Metrologic Takes Majority Stake in ATT

MEYLAN, FRANCE, April 14-Metrologic Group (Meylan, France) has taken a majority stake in Advanced Theodolite Technology Inc. (ATT, Redmond, WA), which specializes in 3-D, large-scale metrology inspection services.

This acquisition is part of the growth strategy of Metrologic Group aiming at adding 3D industrial inspection services to its existing 3-D measuring global solutions. ATT is located in the suburbs of Seattle and has a roster of clients that include Boeing, Bombardier, Bell, Lockheed Martin, Vought, Spirit Aerospace and Northrop Grumman.

“Acquiring ATT will not only allow us to expand our client base, but also to team-up with the highest skilled 3-D measuring specialists located in a high-potential growth region for Metrologic Group,” comments Philippe Cimadomo, president and CEO of Metrologic Group.

“We are excited to have this relationship with Metrologic Group as it opens up new markets within the U.S., overseas and to a broader range of customers and industries with the world leader in 3-D metrology software,” adds Steve Ihlenfeldt, ATT's president and CEO. "There are many complimentary synergies between the companies and ATT will benefit from the global market presence, international business expertise and the superior software products offered by Metrologic Group.”

During 2008, ATT plans on reaching revenues of about 8.9 million, with a net profit of 14%. The purchase price was set at 5.4 million for 60% of the shares.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

Karen Spencer, Clinkenbeard's quality manager, discusses what makes the plant stand out, advice for other plants, and looks to the future.
More Podcasts

Quality Magazine

CoverImage

2015 May

The May 2015 edition of Quality Magazine includes articles on cloud technologies, depth gages, ISO 9001, digital inspection and cool new products.

Table Of Contents Subscribe

Topics to Talk About

What topics would you like to see Quality cover more?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook2015_40 twitter_40px.png  youtube_40px.pnglinkedin_40px.png  

eNewsletters