DVT to Acquire MTI Machine Vision
DVT Corp. (Duluth, GA) has entered into an agreement to acquire MTI Machine Vision LLC (Providence, RI), a company known for its semiconductor wafer reading algorithms. Under the agreement, DVT is acquiring the rights to MTI's machine vision software products and intellectual property, as well as other related assets.
Bob Steinke, DVT Chairman and CEO, said, "We see this acquisition as an opportunity to combine MTI's algorithm library with DVT's range of smart camera-based, general purpose vision systems."
MTI founders, Drs. Stuart Geman and Donald McClure, noted that MTI's machine vision customers can expect a seamless transition after the acquisition is completed. "The Providence facility will house a DVT technology group dedicated to the development of advanced algorithms and software product development that will benefit both customer bases."
"The acquisition of MTI's machine vision business allows DVT to begin deployment of easy-to-use, smart-camera products featuring MTI software," McClure added.
DVT expects that the first products to benefit from this venture will include semiconductor wafer reading OCR, barcode and 2-D identification algorithms as well as alignment and defect detection software. MTI's solutions for recognizing degraded images and identifying patterns have been adopted by many vision and inspection original equipment manufacturers (OEMs), and MTI's success in the semiconductor wafer industry will allow DVT broader access to another machine vision market.
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