Machine vision systems vendor DVT Corp., Duluth, Ga., says it has entered into an agreement to acquire MTI Machine Vision LLC, a Providence, R.I.-based company known for its semiconductor wafer reading algorithms. Under the terms of the agreement, announced on July 14, DVT will acquire the rights to MTI’s machine vision software products and intellectual property, and other related assets.
“MTI is widely recognized as a leader in the development of semiconductor-related vision algorithms and will significantly enhance DVT’s presence in this important sector,” said Bob Steinke, DVT chairman and chief executive officer. “We see this acquisition as an opportunity to combine MTI’s world-class algorithm library with DVT’s broad range of smart camera-based, general purpose vision systems. The result will be the highest performance and most robust OCR (optical character recognition) and code reading product offering in the vision industry.”
Commenting on the acquisition, MTI founders Stuart Geman and Donald McClure noted that MTI’s machine vision customers can expect a seamless transition after the acquisition is completed. “DVT’s commitment to world-class customer service and technical support will be appreciated by our customers, who will receive local support from DVT’s global network of more than 140 automation solution providers in 40 countries,” said Geman. “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 2D identification algorithms, and alignment and defect detection software. MTI’s solutions for recognizing degraded images and identifying patterns have been adopted by many leading vision and inspection original equipment manufacturers, DVT said. MTI’s success in the semiconductor wafer industry will allow DVT broader access to another machine vision market, according to the company.