BURNABY, CANADA-Allied Vision Technologies (AVT) has acquired 100% of Prosilica shares. Both companies will continue to develop FireWire and GigE interface cameras under existing brand names. Further growth also is expected through the intimate collaboration of Prosilica and AVT in the areas of development, production and sales.
The Prosilica team, led by Chief Executive Officer Marty Furse, will remain unchanged and will work with AVT to further expand the business with GigE cameras.
“In Prosilica we have found the perfect complement to Allied Vision Technologies,” says Frank Grube, president and chief executive officer of Allied Vision Technologies. “The high-class cameras from Prosilica represent an excellent strategic extension to our existing product range in the area of machine vision. At the same time, this acquisition allows us to offer our customers a broad product portfolio that now includes GigE cameras, enabling us to further expand our market position in North America, Europe and Asia.”
“We are happy to become part of Allied Vision Technologies,” says Furse. “Being part of this larger organization will accelerate Prosilica’s growth and enhance its market presence. Joint product development and sales activities will result in immediate, strong market growth for both brands.”