Konica Minolta Sensing Europe (Nieuwegein, Netherlands), which specializes in imaging, vision, and color measurement, has entered into a definitive agreement to acquire Specim (Oulu, Finland), a supplier of hyperspectral imaging solutions that include hyperspectral cameras, imaging spectrographs, systems, and accessories.
The hyperspectral imaging market is at an inflection point of rapid industrial growth, enabled by the rising adoption of machine vision. More and more machine builders are embracing the benefits of upgrading from visual cameras to hyperspectral imaging, with resulting improvements in quality, productivity, and efficiency for their industrial end-customers. Specim has responded to this to grow its business by offering optimized solutions for machine builders as well as for its research and airborne customers.
The transaction between the two companies will fuel Specim’s growth through deployment of its technology and capabilities to global industrial markets under Konica Minolta’s leadership. Upon acquisition, Specim will maintain its existing offices and facilities in Oulu.
Specim’s assets in hyperspectral imaging will significantly contribute to Konica Minolta’s growth strategy, which expands its business into the fields of safety, security, and environmental sciences, according to Hitoshi Kamezawa, Executive Officer and General Manager of Konica Minolta’s Sensing Business Unit.
The transaction is subject to customary closing conditions.