Posted to News on 16th Jul 2019, 10:20
Stemmer completes acquisition of Spanish group Infaimon SL
Stemmer Imaging has concluded the acquisition of the Spanish group Infaimon SL. Stemmer Imaging is acquiring 100 per cent of the shares in the supplier of software and hardware for machine vision and robotics after approval of the transaction by all the relevant antitrust authorities. Consequently, the latest acquisition will be consolidated by Stemmer Imaging starting from 1 July 2019, as previously announced. The Management Board expects an additional revenue contribution of around EUR 18 million and an EBITDA contribution of around EUR 3 million in the 2019/2020 financial year.
In closing this acquisition, Stemmer Imaging successfully continues its international expansion strategy. The machine vision specialist is now represented in all key European markets with local branch offices. Headquartered in Barcelona, Infaimon S.L. has subsidiaries in Portugal and locations in Mexico and Brazil. These locations provide a solid foundation to enable Stemmer Imaging to expand into other countries such as the USA in the future. With the acquisition, Stemmer Imaging is also underscoring the strategic importance of state-of-the-art bin-picking systems, an important capability in the context of Industry 4.0 applications which will further strengthen the company's product and service portfolio.
Lars Bhrnsen, CFO of Stemmer Imaging AG says: "The acquisition is a gain on many different levels. United under the umbrella of Stemmer Imaging, together we can respond even more effectively to the changing market requirements and continue the profitable growth in the field of bin-picking applications. In addition we are now represented in all key European markets with our own locations and specialist staff. Over the past few weeks, we have been working with focus to ensure a smooth acquisition. We are therefore ideally prepared for a swift and successful integration."
Learn more at www.stemmer-imaging.co.uk.
