Cattaneo Corporate Finance supports Oxford Metrics PLC on strategic acquisition.
Cattaneo has played a key role in Oxford Metrics’ acquisition of Industrial Vision Systems.
Oxford Metrics plc (LSE: OMG), 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 Limited (“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 is to be funded with existing cash resources and new ordinary Oxford Metrics shares.
Based in Oxfordshire, 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.
The acquisition was originated by Cattaneo Corporate Finance who were engaged by Oxford Metrics to undertake a global acquisition search based around its clear business strategy. The search focused on specific technologies which are accretive to the OMG offering and involved the identification and profiling of a broad range of potential targets across the world before honing to a highly credible short-list. Cattaneo then contacted and established a relationship with a number of the targets, positioning OMG as a credible acquirer, with IVS representing the first successful conclusion.
David Deacon, Chief Financial Officer of Oxford Metrics, commented:
“Cattaneo have done a great job for us demonstrating their ability to tune in to our strategy as part of our team as we diligently worked through the options and helped us develop a focused approach. Most importantly, they produced successful results and continue to do so through their tenacity and professionalism when approaching the businesses that met the criteria set out in our five year strategic plan.”
Charles Cattaneo of Cattaneo Corporate Finance said:
“It has been a pleasure working with the Oxford Metrics team, helping develop their acquisition strategy within their focused growth plan and in clearly representing this, along with our client’s values, to potential targets. We are delighted with the conclusion of the IVS acquisition and look forward to continuing to work with the OMG team on further acquisitions.”