DVT to acquire MTI Machine Vision

Citation

(2005), "DVT to acquire MTI Machine Vision", Sensor Review, Vol. 25 No. 1. https://doi.org/10.1108/sr.2005.08725aab.001

DVT to acquire MTI Machine Vision

DVT to acquire MTI Machine Vision

Keywords: Acquisitions and mergers, Semiconductors, Sensors

DVT Corporation has announced it has entered into an agreement to acquire MTI Machine Vision LLC. MTI is highly regarded for its semiconductor wafer reading algorithms and machine vision software.

Under the terms of the agreement, DVT is acquiring the rights to MTI's algorithms, software products and intellectual property, as well as other related assets. The move will see the foundation of a new DVT Technology Group that will focus on developing advanced algorithms and software.

“MTI is widely recognised as a leader in the development of semiconductor- related vision algorithms and will significantly enhance DVT's presence in this important sector”, commented Bob Steinke, DVT Chairman and CEO. “We see this acquisition as an opportunity to combine MTI's world- class algorithm library with DVT's broad range of smart camera-based, general purpose vision systems. The result will be the highest performance and most robust OCR and code reading product offering in the vision industry”.

Commenting on the acquisition, MTI founders, Drs Stuart Geman and Donald McClure, noted that MTI's machine vision customers can expect a seamless transition after the acquisition is completed. “DVT's commitment to world-class customer service and technical support will be appreciated by our customers, who will receive local support from DVT's global network of more than 140 Automation Solution Providers in 40 countries”, Geman stated. “The Providence, Rhode Island facility will house a DVT technology group dedicated to the development of advanced algorithms and software product development that will benefit both customer bases”.

“The acquisition of MTI's machine vision business allows DVT to begin deployment of easy-to-use, smart- camera products featuring MTI software”, MTI founder McClure added. DVT expects that the first products to benefit from this venture will include: semiconductor wafer reading OCR; Barcode and 2D identification algorithms; and alignment and defect detection software. MTI's industry-leading solutions for recognising degraded images and identifying patterns have been adopted by many leading vision and inspection OEMs, and MTI's success in the semiconductor wafer industry will allow DVT broader access to another machine vision market.