Datalogic acquires vision technology firm for $5.2million

According to Datalogic, the buyout will enable it to strengthen its presence in the artificial vision market which has a high growth potential within the industrial automation field. Founded in 1982, PPT is one of the pioneers of the vision market with more than 25,000 installed systems worldwide and with revenue of approximately $6m attained in 2011. The company employs about 30 people, has one R&D centre where four exclusive patents have been developed and two application development and support centres. Mauro Saccetto, Datalogic Group ceo, pictured, said: "In line with the strategy already announced, the acquisition of PPT Vision further strengthens our leadership, providing us with cutting edge technologies which are unique in the field of machine vision. In particular, these include a wide range of smart cameras and vision systems which, thanks to original software libraries with sophisticated algorithms and drag & drop configuration tools, allow for the development of highly complex vision applications in a flexible, modular and intuitive way. This technology is compatible with all our industrial business lines which will soon benefit from it. Thanks to this acquisition, Datalogic continues to develop its commercial offers according to new business proposition: not only products, but also solutions and the creation of additional value for our clients, further consolidating its partnership and intimacy." The closing of the transaction is expected to occur in December 2011, following approval from PPT shareholders.