Esko to sell AVT business to Porat Itay

Esko has confirmed the sale of its Advanced Vision Technology (AVT) print inspection business to Porat Itay Holdings. The transaction is anticipated to close in Q1 2025, subject to any customary conditions under applicable local law.

The divestiture includes assets, employees, contractual agreements and intellectual property specific to AVT. Under its new ownership, AVT will maintain its brand name, identity, and product portfolio.

Porat Itay is a private company based in Israel, founded by Roy Porat and Yaron Itay. Roy Porat previously held the role of president of AVT from 2020 until 2023, and Yaron Itay has successfully built and led several industrial technology companies in Israel.

‘Selling the print inspection business, enables AVT to operate with the strategic focus necessary to drive its growth and innovation,’ said Joël Depernet, president of Esko. ‘With our commitment to drive value accretive growth within our culture at Esko, it became apparent that our strategic ambitions in packaging management, prepress workflow and flexo platemaking solutions hindered the ambitions of the AVT print inspection business. Under new leadership, I am sure AVT has exciting times ahead. We wish the team the very best for the future.’

‘We are very excited about this opportunity, as it is the beginning of a new era for AVT,’ said Porat. ‘Given my familiarity with the AVT business, I am confident that with the support of the associates globally, we will demonstrate the right strategic focus and commitment to investment to grow the business and serve our customers.’