Erhardt+Leimer, a leader in system solutions and process control equipment to web-based industries and AVT(Advanced Vision Technology), a leader in print inspection, print process control and quality assurance, have announced their intention to form an alliance that will broaden product portfolios and strengthen services for customers of both companies through solutions born of the two companies’ combined experience and technological skills.
In a first step, AVT will acquire E+L’s automatic print inspection solutions and will assume the responsibility to develop and manage these solutions for both companies’ customers in the label and packaging applications. In return, E+L will be entitled to future earn outs and a cash payment as per the set terms. As part of the agreement, Dr. Michael Proeller, E+L’s CEO, will be appointed chairman of AVT’s Advisory Board and serve as an observer on AVT’s Board of Directors.
The expected agreement makes AVT the official inspection and press control provider for E+L, positioning AVT as responsible for the companies' mutual automatic print inspection solutions development. This includes both current products and ongoing product developments in the printing sector. Being an integration specialist, E+L is the ideal partner for the realization of complex automation and inspection solutions. Each company will then offer solutions from both AVT and E+L to all customers.
Consequently in the next stage, the alliance will offer customers a wider selection of solutions that may originate from either AVT or E+L. This allows both companies to increase customer responsiveness and maximize global footprints.
Combined Technological Expertise Benefits Customers & OEMs
One major achievement of this strategic alliance will be the level of technological know-how it unites. E+L’s expertise in web, press and vision systems combined with AVT’s inspection, press control and workflow management capabilities will enable the companies to offer unsurpassed end-to-end quality control solutions. The new joint portfolio includes comprehensive solutions such as label and narrow web inspection, vision and viewing, color, and comprehensive end-to-end, among others.
Both parties expect the alliance to be finalized within the next few weeks.
“We look forward to working together with the great team at E+L to provide better solutions to our customers,” says Jaron Lotan, CEO of AVT. “This partnership is exciting for all involved and will broaden each firm’s reach and expertise. This alliance was founded and structured in a way that will allow us to bring the best of both companies together to create great value for customers, employees and shareholders.”
Adds Dr. Michael Proeller, CEO of E+L: “Our two companies have known one another for decades, and have a high level of respect for the others’ products, technology and personnel. Maximizing customer satisfaction, comprising products, technology and global 365/24/7 coverage is the driving factor behind this alliance. We are convinced that, together, we will be building the top team and offerings in the industry for the benefit of our worldwide customers.”
AVT
E+L
