LEUVEN, BELGIUM-Metris has signed a share purchase agreement with the shareholders of X-Tek Group (Herts, UK) for the purchase of 100% of the company’s stock. Metris says the purchase fits in its acquisition strategy to strengthen its product portfolio with upcoming technologies and to expand its market share.
Founded in 1986, X-Tek is a manufacturer of X-ray and computer tomography inspection systems, and has an installed base of more than 1,300 systems in a range of industries, including electronics, automotive and aerospace.
“After having delivered on our medium and large scale metrology strategy-including technology, customer base and market channels-we now judged the time right to extend the Metris scope to the small-scale segment of the micro metrology market,” comments Bart Van Coppenolle, president and CEO of Metris. “In addition to the mechanical technology we have in our portfolio since the LK and Coord3 acquisitions, we now add a very strategic technology-industrial CT scanning.”
Roger Hadland, CEO of X-Tek adds, “With Metris’ acquisition of X-Tek, we safeguard our commitment to innovate and develop new X-ray technology to provide the best solutions for the industry.”
Metris Acquires X-Tek
February 6, 2008