Acquisition To Bring Smart Sensing To Smart Manufacturing Globally
Oxford Metrics, the smart sensing software company, servicing life sciences, entertainment and engineering markets, has announced it has entered into an agreement to acquire Industrial Vision Systems (IVS), specialists in developing machine vision software and technology for high precision, automated quality control systems used across numerous industries. The consideration of £8.1m ($10m) is to be funded with existing cash resources and new ordinary Oxford Metrics shares.
Based in Oxfordshire, UK, IVS’ innovative machine vision systems are used globally in automated production processes for high precision quality control, inspection, guidance, identification, measurement, tracking and counting. Its highly accurate, non-contact vision systems provide well-known brands with quality control which ultimately lowers costs, improves brand reputation, competitiveness and increases safety.
Imogen Moorhouse, CEO of Oxford Metrics, commented “Today’s announcement strengthens our sense, analyse and apply strategy. Through its cutting-edge machine vision solutions, IVS replaces traditional inspection methods with smart sensing. This results in faster, more reliable, and highly accurate results, providing well-known brands with the latest machine vision automation.”
“I am delighted to welcome IVS to Oxford Metrics. With more and more manufacturers demanding this innovation to revolutionise processes, ensure quality products and provide more efficient, error-proof production, we are excited about the opportunity ahead to extend into yet more applications and industries as inspection automation becomes more mainstream and smart manufacturing becomes the standard.”
“Oxford Metrics is the only home we considered because it shares our company culture and values and has a proven track record of taking great technology forward by nurturing and developing it. We are on a mission to make companies more efficient, highly flexible and quicker with our machine solutions. As part of Oxford Metrics, we will continue to develop and broaden our technology offering with an ongoing focus on innovation and research & development.” said Co-founders Earl Yardley and Andrew Waller, Industrial Vision Systems.
Bringing Smart Sensing To Smart Manufacturing
IVS’ innovative machine vision systems are used globally in automated production processes for high precision quality control, inspection, guidance, identification, measurement, tracking and counting. Its highly accurate, non-contact vision systems provide well-known brands with quality control which ultimately lowers costs, improves brand reputation, competitiveness and increases safety.
Based on the very latest digital camera technology with embedded software, its cost effective, easy to set up vision systems enable rapid integration and standardisation through seamless factory automation. IVS invests in long-term partnerships with its customers, supplying comprehensive support packages with its deployed smart systems including customer service, technical support, and training packages. It is trusted by blue-chip manufacturing companies across the globe including BD, DePuy, Jaguar Land Rover, Johnson & Johnson, Zytronic and Alkegen.
Manufacturers today are increasingly turning to smart sensing machine vision technology to ensure ‘right first time’ products, to automate complex or mundane visual inspection tasks. The Group sees opportunities for applications to be used across even more use cases and industries than today, which currently span: medical; orthopaedics; pharmaceutical; automotive inspection for mass production; electronics and food packaging.
The majority of IVS revenue today is derived from UK/Ireland. As part of a larger group, IVS will have access, advice and the resources to scale. It will be able to expand its geographic footprint and grow its IP rich static technology offering with opportunities to benefit from Vicon’s dynamic sensing and further strengthen its already strong position through focused investment in research and development.
For more information: www.oxfordmetrics.com
