The £8.1m acquisition by Oxford Metrics plc (LSE: OMG), the smart sensing software company servicing life sciences, entertainment and engineering markets, of Industrial Vision Systems Limited (“IVS”), specialists in developing machine vision software and technology for high precision, automated quality control systems used across numerous industries. 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. Through its cutting-edge machine vision solutions, IVS replaces traditional inspection methods with smart sensing. This results in faster, more reliable, and highly accurate results, providing well-known brands with the latest machine vision automation.
We 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.
WHAT OUR CLIENT SAID:
‘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.’
David Deacon, Chief Financial Officer, Oxford Metrics plc