Integrated automation solutions for the printing and converting industriesE+L and AVT to form strategic allianceErhardt+Leimer (E+L), a leader in system solutions and process control equipment to web-based industries and Advanced Vision Technology (AVT), a leader in print inspection, print process control, and quality assurance, have announced their intention to form an alliance to broaden product portfolios and strengthen services for customers of both companies, including end users and OEMs, through solutions resulting from the two companies’ combined experience and technological skills.
Michael Proeller, CEO of E+LIn a first step AVT will acquire E+L’s automatic print inspection solutions and will assume the responsibility to develop and manage these solutions for both companies’ customers in the label and packaging applications, including the corrugated segment. In return E+L will be entitled to future earn outs and a cash payment according to the set terms. As a part of the agreement, Michael Proeller, E+L’s CEO, will be appointed chairman of AVT’s Advisory Board and serve as an observer on AVT’s Board of Directors.
The expected agreement makes AVT the official inspection and press control provider for E+L, positioning AVT as responsible for the companies’ mutual automatic print inspection solutions development; this includes both current products and ongoing product developments in the printing sector. Being an integration specialist, E+L is the ideal partner for the realization of complex automation and inspection solutions. Each company will then offer solutions from both AVT and E+L to all customers.
Consequently in the next stage, the alliance will offer customers a wider selection of solutions that may originate from either AVT or E+L. This allows both companies to increase customer responsiveness and maximize global footprints.