Perceptron, Inc.(PRCP)- NASDAQ
  • Jan. 29, 2015, 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.
    | Jan. 29, 2015, 9:00 PM
Company Description
Perceptron, Inc. develops, produces and sells automated industrial dimensional inspection and 3D scanning products. The company's products include Dimensional Gauging, Dimensional Inspection, 3D Scanning, Robot Guidance, Gap and Flush solutions and Metrology Software. Its products are... More
Sector: Technology
Industry: Scientific & Technical Instruments
Country: United States