Thu, Jan. 29, 9:00 PM
- Perceptron (NASDAQ:PRCP) is acquiring Coord3 Industries, an Italian maker of coordinate measurement machines (CMMs), for $2M in cash, a $350K deferred payment, and $10.7M in assumed debt. It's acquiring Next Metrology Software, a Czech developer of CMM software, for $2.6M in cash and $230K worth of deferred payments.
- Perceptron declares the deals give it a leadership position in the CMM market. CEO Jeffrey Armstrong: "By combining the full range of Coord3's CMMs with Perceptron's laser scanners and NMS's easy-to-use TouchDMIS CMM operating software, Perceptron moves into a market leadership position, able to offer price-competitive, fully integrated CMM solutions worldwide."
- Coord3 and Next Metrology have annual revenue of ~$15M between them; Perceptron expects the purchases to be accretive by the end of FY16 (ends June ' 16). FQ2 results arrive on Feb. 4.
PRCP vs. ETF Alternatives
Perceptron Inc develops, produces and sells a comprehensive range of automated industrial dimensional inspection and 3D scanning products. It offers 3D machine vision solutions, robot guidance, coordinate measuring machines, and laser scanning.
Other News & PR