Perceptron buys Coord3, Next Metrology

Perceptron buys Coord3, Next Metrology

Acquisitions strengthen company's quality parts, software lineup.

February 6, 2015

Plymouth, Michigan – Perceptron Inc., a non-contact 3D machine vision solutions provider for industrial measurement, inspection, and robot guidance applications, has reached agreement to acquire two European metrology companies.

  • Coord3 Industries – a mid-market designer and builder of a full range of high-quality and high-performance coordinate measurement machines (CMMs), based in Turin, Italy.
  • Next Metrology Software – a CMM operating software provider and the developer of TouchDMIS, based in Prague, Czech Republic.

The NMS acquisition closed on January 29, 2015. The Coord3 acquisition is expected to close in February 2015, subject to customary closing conditions. The total value of the transactions will be approximately $15.9 million, in a combination of cash and assumed debt. The combined companies have approximately $15 million in annual revenue.

Jeffrey M. Armstrong, Perceptron CEO, says, "The acquisitions of Coord3 and Next Metrology illustrate the progress we are making to implement our strategic plan. These transactions expand and diversify our offerings in the industrial metrology market, and particularly in the scanning CMM market, which is estimated to be growing at a 15 percent annual rate. According to Frost & Sullivan, global CMM sales are estimated to exceed $1.8 billion in 2015, with automotive CMM sales at approximately $625 million and aerospace CMM sales at approximately $350 million."

Armstrong continues "Coord3 is a leading, innovative supplier of a full range of CMMs with a growing global customer base. Notably, it is one of only two companies in the world able to design and manufacture gantry-style CMMs used to measure very large equipment such as aircraft wings, complete car bodies, and railcar frames. By combining the full range of Coord3's CMMs with Perceptron's laser scanners and Next Metrology easy-to-use TouchDMIS CMM operating software, Perceptron moves into a market leadership position, able to offer price-competitive, fully integrated CMM solutions worldwide."

Angelo Muscarella, the president of Coord3 Industries, will continue as managing director of Perceptron's CMM business, which will be operated under the Coord3 name through wholly owned subsidiaries of Perceptron. Muscarella also will serve as Perceptron's country manager for Italy.

Source: Perceptron