AUGUSTA Technologie Acquires LMI Technologies
May 12, 2011
VANCOUVER, B.C., CANADA – LMI Technologies, a 3-D laser measurement sensors for industrial measurement and control applications company, has sold 100% of its shares to join AUGUSTA Technologie AG – a publicly listed German sensor and vision technology company. As a result of this acquisition, LMI will become part of a larger worldwide company in the field of digital imaging technologies.
AUGUSTA is located in Munich, Germany, and focuses on two market segments: sensors and vision. "LMI is a perfect fit to our vision activities and will give us access to the rapidly growing 3-D market,” says Amnon Harman, CEO of AUGUSTA Technologie AG. “Combining LMI's strength in 3-D with our leading market position in digital machine vision cameras will offer multiple benefits and a much broader product offering for the combined customer base worldwide.”
AUGUSTA's mission is to further increase its presence in existing and new growth markets – regional and product-related – within the vision industry. LMI's innovative technology and culture offers entry into the growing 3-D market and further regional expansion, especially into North America.