i2S, a specialist in image capture and processing for more than 40 years, announces that it has received, on May 2, 2022, an offer to purchase from Basler its vision component distribution business and is in exclusive negotiations with Basler.
i2S and Basler AG, a leading manufacturer in the vision sector, have been working together with great success for many years to offer high-performance machine vision solutions in France at an optimal price.
This close partnership between the two companies is reflected on the one hand in the distribution of Basler components in France and on the other hand in the integration of Basler components in the development of i2S' embedded vision systems.
The opportunity for i2S to divest would ensure the future of i2S' distribution division in an environment subject to strong competition, with a wider international opening and a complete range offer.
The benefit for Basler, as part of its growth strategy, would be to develop a direct and local relationship with its customers to fully understand their needs and thus develop the appropriate products.
Basler's innovative strength, coupled with the skills of the i2S distribution team, would also offer new areas of technical expertise to the new team.
The sale operation would be carried out in two stages:
- Creation of the Basler joint venture France between i2S (75%) and Basler (25%) to which the distribution activity 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, carried by the i2S distribution team.
- At the end of this first period, 100% of Basler could be acquired France by Basler, in the continuity of the joint venture.
This transaction could be finalized at the beginning of July 2022 if the conditions are met within the planned deadlines, including obtaining the advisory opinion of the CSE and the contribution of the distribution activity of i2S to Basler France.
i2S and Basler want the distribution activity that would operate under the name of Basler France to 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 offer.