Building on its successful IPO, Stemmer Imaging AG continues to pursue its growth strategy. In a share deal, Stemmer Imaging S.A.S., a 100 % subsidiary of Stemmer Imaging AG, has acquired 100 % of the shares of the French company Elvitec S.A.S.
Located in Pertuis near Aix-en-Provence, the company is a distributor of camera solutions for industry, surveillance and imaging. The management of Stemmer Imaging AG expects the acquisition to result in an expected increase in sales of around €9 million as well as an EBITDA margin of around 11 % for Elvitec in fiscal year 2018/2019. The company is consolidated with retroactive effect from 1er July 2018.
"France is an exciting and fast-growing market for everything to do with automation and robotics. As one of the leading suppliers of machine vision technologies in Europe, it is important for us to be well positioned and to grow in key markets, as defined in our strategy. We successfully acquired Data Vision at the end of January, and are delighted to have found a promising new acquisition target, says Lars Böhrnsen, CFO of Stemmer Imaging AG.
"With Elvitec, we complete our portfolio with a distributor with a well-developed network. At the same time, we are strengthening our presence in the French market and our expertise in French-speaking countries. In short, we have gained a well-established supplier on our side, who is at the same time the perfect complement for our Group," he adds. says Christof Zollitsch, Managing Director of Stemmer Imaging AG.
Learn more: www.stemmer-imaging.fr