ISRA VISION AG / Miscellaneous
10.11.2009
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ISRA VISION AG: Strategic investment in Turkey has been finalized
Growth opportunities thanks to stronger market presence in the Middle East
and added technical know-how
* Stronger market penetration, especially in Turkey, boosts growth
potential
* New application know-how opens up new market segments
* Opportunities for new client acquisition
* R&D partnership with the machine vision laboratory of Sabancı
University, VPALAB
Darmstadt, November 10th, 2009 - One of the world's top five suppliers of
machine vision and global market leader in surface inspections systems,
ISRA VISION AG (ISIN DE 0005488100) has acquired a 24% minority interest in
VISTEK, a Turkish company based in Istanbul (Vistek Yapay Görme ve
Otomasyon Sanayi İç ve DıŠTicaret Anonim Åirketi). VISTEK is expected to
achieve a total result of almost 1 million EUR in 2009, and can look
forward to dynamic growth in future years as well, thanks in no small
measure to its new partnership with ISRA. Under the terms agreed, ISRA is
to fully acquire VISTEK within the next 3 to 4 years, on the basis of an
earn-out model and a corresponding EBIT valuation.
Investing in the Istanbul-based machine vision specialist will open up
additional growth opportunities for ISRA, by allowing it to intensify its
market penetration in Turkey as well as the Middle East and Central Asia.
The ISRA team already working in Turkey is to be integrated into VISTEK,
while the ISRA Sales Manager will assume responsibility for joint
distribution activities. Thanks to expanded on-site service and support,
ISRA will be able to boost customer benefit throughout the region.
Moreover, ISRA will exploit VISTEK's added application know-how to acquire
customers in new market segments, such as ceramics, glass containers
respectively thermal imaging.
VISTEK was founded by Prof. Aytul Ercil as a spin-off company of Sabanci
University. A developer of innovative machine vision solutions, the firm
has participated in numerous domestic and international projects and has
been recognized for excellence several times, e.g. via the 'International
Achievement' and 'Eureka Success Story' awards. Thanks to her
professorship, the company's founder has been able to build upon a close
collaboration with Sabanci University. Sabanci maintains Turkey's most
advanced machine vision laboratory and has been recognized as a 'Potential
Center Of Excellence' by the European Union. This fruitful research and
development partnership will be continued by ISRA. When it comes to
realizing future R&D projects together with VISTEK, ISRA will be able to
draw upon Turkey's solid infrastructure, as well as proximity to the
university and its technically skilled student body.
10.11.2009 Financial News distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: ISRA VISION AG
Industriestr. 14
64297 Darmstadt
Deutschland
Phone: +49 (0)6151 9 48-0
Fax: +49 (0)6151 9 48-140
E-mail: investor@isravision.com
Internet: www.isravision.com
ISIN: DE0005488100
WKN: 548810
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-Adhoc: ISRA VISION AG: Growth opportunities thanks to stronger market presence in the Middle East and added technical know-how
| Source: EQS Group AG