i2S, a specialist in image capture and processing for over 40 years, announces that on May 2, 2022, it received an offer from Basler to purchase its vision components distribution business, and that it is in exclusive negotiations with Basler.
i2S and Basler AG, a leading manufacturer in the vision sector, have been working together successfully for many years to bring high-performance machine vision solutions to France at an optimum price.
This close partnership between the two companies is reflected in the distribution of Basler components in France, and in the integration of Basler components in the development of i2S embedded vision systems.
The opportunity for i2S of the sale would enable it to secure the future of the i2S distribution branch in a highly competitive environment, with a broader international presence and a complete range of products.
As part of its growth strategy, Basler would benefit from developing a direct, local relationship with its customers, so as to understand their needs and develop appropriate products.
Basler's innovative strength, coupled with the skills of the i2S distribution team, would also provide the new team with new areas of technical expertise.
The sale would take place in two stages:
- Creation of the Basler France joint venture between i2S (75 %) and Basler (25 %), to which the distribution business would be contributed, for a period of at least 2 years, a period deemed necessary by both parties in order to optimize the establishment of Basler France within the Basler Group and to maintain over time the current strengths of the distribution business in France, supported by the i2S distribution team.
- At the end of this first period, Basler may acquire 100 % from Basler France, continuing the joint venture.
This transaction could be finalized in early July 2022, if all the conditions are met on schedule, including obtaining the consultative opinion of the CSE and transferring the i2S distribution business to Basler France.
i2S and Basler hope that the distribution business, which would operate under the Basler France name, will continue and develop the distribution of all the products and brands currently in the catalog, for the benefit of customers who appreciate the richness of this offering.