SDI Group Acquires InspecVision - Quick Facts
(RTTNews) - SDI Group plc announced the acquisition of InspecVision Ltd, a designer and manufacturer of computer vision-based measurement systems for industrial applications, for a net consideration of 6.1 million pounds. InspecVision provides precision measurement machinery for smart manufacturing, automated inspection and reverse engineering.
Stephen Brown, CEO of SDI Group, said: "InspecVision is a high-quality, profitable business which fulfils our key investment criteria of trading in a growth sector, with international exposure and a strong management team. The acquisition presents a rare opportunity to buy such a good business poised to capitalise on future growth in the metrology market."
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.