AVT joins Danaher's Product Identification Platform

AVT is a provider of print process control, quality assurance and color control technology for the packaging, labels and commercial print industries. More than 7,000 AVT systems are installed at customer sites worldwide.

Danaher’s Product Identification Platform is a group of technology companies dedicated to helping customers bring consumer goods from concept to consumer faster and with improved quality. The companies include X-Rite, Pantone, Esko, MediaBeacon, Videojet, Linx, Laetus and Foba.

As part of the deal, Pelican Merger Holdings Israel will acquire all of the outstanding shares of AVT for 14.50 EUR per share in cash.

AVT’s in-line inspection systems are used by packaging and label converters to improve product quality and efficiency of their operations. Many of the same customers are served by X-Rite and Esko, market-leading companies within Danaher’s Product Identification Platform. Combining AVT’s strong position in print inspection and quality control with X-Rite’s color inspection capabilities and Esko’s packaging workflow will enable all three companies to offer options that simplify management of complex packaging value chains for both packaging converters and CPG brand owners.

Jaron Lotan, AVT CEO, commented: ‘This is an exciting next step in the development of AVT, both for our customers and for our associates. Being part of Danaher’s Product Identification Platform will strengthen our ability to continue to execute our existing strategy and will enable us to bring more innovative and connected solutions for the packaging and label value chain.’

Joakim Weidemanis, group executive for Danaher’s Product Identification Platform, added: ‘AVT is an outstanding business characterized by innovative products, a strong brand, dedicated team and excellent growth prospects. We see AVT as a natural complement to our platform of businesses serving packaging and label production value chain.’