Machine Vision
TKH acquires Euresys
The TKH Group announces that it has entered into an agreement to fully acquire Euresys Group, a designer and provider of image and video acquisition components, FPGA IP cores, machine vision software, and frame grabbers for CoaXPress, CameraLink and Non-Standard Analog.
Euresys operates worldwide and employs 82 people, of which 50% are active within R&D. Besides its head office in Liège (Belgium), it has operations in Germany, US, Japan, Singapore, and China. Its main markets are computer vision, machine vision, factory automation, and medical imaging. Euresys also includes the subsidiary Sensor to Image in Schongau, Upper Bavaria.
In 2022, Euresys realized a turnover of € 27 million. TKH finances the transaction from existing resources. The transaction is not subject to regulatory approval and has been closed. TKH expects that the acquisition will have a positive effect on TKH's earnings per share as per 2023. In addition to Euresys with Sensor to Image, the TKH Group, which has its headquarters in Haaksbergen (the Netherlands) also includes the machine vision companies Allied Vision, Chromasens, LMI Technologies, Mikrotron, NET, Nerian, SVS Vistek, and Tattile.
Alexander van der Lof, CEO of TKH Group: “The acquisition of Euresys fits our Accelerate 2025 strategy, in which we accelerate our growth both organically and through acquisitions. Euresys technology complements TKH’s existing proprietary Machine Vision technologies and adds strong software expertise, interface technologies, and know-how to our capabilities.” TKH intends to incorporate Euresys into its 'Smart Vision systems' business unit.
Marc Damhaut, CEO of Euresys: “We are delighted to join TKH and with our industry leading frame grabbers expand the capabilities in the markets we are jointly active in to a full suite of smart vision technologies. We see an excellent fit with TKH to combine our strengths and potential to accelerate growth together with the complementary technologies and the leverage of the combined international geographical footprint.”
