Mar 10, 2015 -- Perceptron Inc. (NASDAQ: PRCP), announced that it has completed the acquisition of the coordinate measuring machine (CMM) business of Coord3 Industries s.r.l.
Coord3® is a leading, innovative supplier of a full range of CMMs with a growing global customer base, and one of only two companies in the world that design and manufacture large gantry-style CMMs used to measure very large equipment such as aircraft wings, complete car bodies and railcar frames. By combining the full range of Coord3's CMMs with Perceptron's laser scanners and easy-to-use TouchDMIS™ CMM operating software, Perceptron moves into a market leadership position, able to offer price-competitive, fully integrated scanning CMM solutions worldwide.
At the closing on February 27, 2015, Perceptron acquired the business of Coord3, in accordance with the previously announced terms.
Angelo Muscarella, the managing director of Perceptron's Coord3 CMM business, noted, "This is a very significant step forward for Coord3 as we will now have the resources and reach to offer our market-leading CMMs to a much wider customer base. This is also an exciting time for me, and all Coord3 employees, as we become part of the Perceptron team and have the opportunity to continue building the Coord3 business and brand name into a recognized global tier 1 CMM provider."
Jeffrey M. Armstrong, chief executive officer of Perceptron, noted, "The acquisition of Coord3 significantly expands our offerings in the industrial metrology market and further builds our strategy to offer market-leading, fully integrated metrology solutions to customers worldwide. Coord3 has an excellent reputation in the market and we will support their continued strong growth through development of a full line of scanning CMMs, access to our extensive automotive customer base, and support through our global offices."
Perceptron (NASDAQ: PRCP) supplies a comprehensive range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and 3D scanning. Products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning, and advanced analysis software. Automotive, aerospace and other manufacturing companies globally rely on Perceptron's metrology solutions to assist in managing their complex manufacturing processes to improve quality, shorten product launch times and reduce costs. More than 900 systems and 12,000 Perceptron measuring sensors are in active daily use worldwide. Headquartered in Plymouth, Michigan, Perceptron has approximately 360 employees worldwide, with operations in the Brazil, China, Czech Republic, France, Germany, India, Italy, Japan, Singapore, Spain and the UK. For more information, please visit www.perceptron.com.
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Jeff Armstrong, CEO
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