Minneapolis, MN--Automatic data capture and industrial automation provider Datalogic (Bologna, Italy) has acquired machine vision solutions provider PPT Vision, effective immediately.
Under the terms of the acquisition, PPT Vision will operate as a separate company for machine vision within Datalogic Automation, the industrial automation division of Datalogic Group. After the closing Guglielmo Piazzi will assume the responsibility of chairman of PPT Vision, reporting to Datalogic Automation CEO Gian Paolo Fedrigo.
PPT will maintain its Minneapolis headquarters, with a network of strategic sales partners, distributors, and integrators around the world, according to Bob Heller, who will continue as president and CEO, reporting to Piazzi.
“Datalogic’s ID and barcoding technologies and vision sensors are highly compatible with PPT’s strengths in high-performance, embedded vision systems,” says Heller. “Our organizations are already collaborating on new technologies, to be introduced in first quarter 2012, that expand our broad product roadmap to fully serve today’s growing machine vision market.”
Datalogic reports the value of the transaction at $5.2 million, financed with internal capital resources. A significant portion of PPT’s value was in intangible assets, including patents, trade secrets, copyrights, and other intellectual property rights, as well as a large portfolio of customers and strategic partners. Tamburi Investment Partners acted as financial advisor for the transaction, which is expected to close this month.
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