Konica Minolta is striving to develop its sensing business by providing a diversified range of high value-added products and solutions for the fast-growing ICT and automotive fields, drawing on its strengths in light, color and appearance measurement.
The company has entered the hyperspectral imaging (HSI) sector - a key technology for visualizing the invisible - by acquiring Finnish company Specim, Spectral Imaging Oy Ltd, the leading player in the HSI market.
Konica Minolta takes advantage of its high-precision hyperspectral imaging technology, know-how and customer base by acquiring Specim, the leading company in the HSI market, and brings its deployment to the industrial markets of recycling, food sorting and remote sensing.
Based on the optics technology skills acquired in the photo business, Konica Minolta supplies high-precision measurement products and solutions to the field of light, color and surface vision measurement, contributing to the high-quality realization of products manufactured by customers. In addition to expanding the foundations of its Sensing business, Konica Minolta aims to transcend human vision in the fields of security, safety and environmental science as a growth strategy to deliver new sustainable customer values and solve social challenges. HSI is one of the key technologies for realizing the company's growth strategies.
As a leading company in the HSI industry, Specim offers a product range that covers a wide range of measurement wavelengths, from the visible to the far infrared, with portable, on-line and airborne applications.
Specim has a wide variety of customers installed in the recycling, food and pharmaceutical industries, often focused on sorting machines. In addition, Specim has developed the SpecimONE platform, which facilitates and accelerates the integration of hyperspectral imaging technology into sorting machines, with the aim of further extending HSI activity within industrial applications.
The share purchase agreement was signed on November 19, 2020 and closed in mid-December 2020, subject to regulatory approval.
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