Perceptron acquiring two companies for $15.9M

|By:, SA News Editor

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.

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