Konica Minolta Acquires Radiant Vision Systems
Tokyo, Japan (June 24, 2015) – Konica Minolta, Inc. (Konica Minolta) (TSE:4902) announced today that it has signed a definitive agreement to acquire Radiant Vision Systems, LLC (Radiant), a leading provider of test and measurement solutions to the flat panel display industry.
Technological synergies to expand Konica Minolta’s capabilities for entry into automated inspection market
Purpose of Acquisition:
Konica Minolta has established itself as a leading manufacturer in the display and light source color measurement sectors, providing high-quality products and solutions to customers around the world. Already positioned as a best-in-class provider in these sectors, Konica Minolta is striving to transform its measurement business by expanding into growing fields through the addition of new and innovative technology, skills and resources.
Radiant offers fully integrated test and measurement systems precisely engineered to meet specific customer requirements and provides turnkey systems that combine highly accurate CCD-based colorimeters or photometers with application specific software and unmatched support services to deliver easy to use systems with reliable, repeatable results.
Through the acquisition, Konica Minolta will not only solidify the foundation of its measurement business with Radiant’s sophisticated products and solutions, but will also gain the technological strength to enter the growing market for automated inspection systems in manufacturing, including visual surface inspection. Manufacturers are expected to increasingly adopt automated inspection technologies, which improve product quality and productivity.
“The acquisition of Radiant will significantly strengthen Konica Minolta’s position as a leading provider of optical and sensing solutions, and supports our core strategy of offering custom capabilities to customers globally across multiple industries and applications,” said Hitoshi Kamezawa, General Manager of Konica Minolta’s Sensing Business Unit. Paul Caragher, CEO of Radiant, added, “The combination will enable us to deliver more solutions to customers, invest in new product development, and strengthen relationships with partners and customers globally.”
Radiant has developed a breakthrough visual surface testing system engineered to meet the strict requirements of high-speed production lines and cutting-edge development labs. Given the proliferation and increased complexity of consumer electronic devices, there is a large opportunity for Konica Minolta to leverage Radiant’s technologies to support the ever increasing demand for defect measurement technologies. The expected technological synergies from the acquisition will further aid Konica Minolta’s growth strategy to enter the automated inspection market, a rapidly growing, innovation-driven field that is advancing quality and productivity in manufacturing. The acquisition will also strengthen Konica Minolta’s presence on the West Coast, where Radiant is headquartered in Redmond, WA, and facilitate broader relationships with leading customers.
Scheme of Acquisition:
As a result of the transaction, Konica Minolta will obtain 100% of the outstanding equity of Radiant.
The transaction is expected to close in August 2015, subject to customary closing conditions and regulatory compliance approvals.
Radiant’s worldwide installed base has a proven track record that dates back more than 20 years. Leaders in display and lighting devices turn to Radiant’s test and measurement system to ensure quality, reduce costs, and improve efficiencies. Radiant’s product lines include TrueTest™, automated visual inspection software for display systems, and ProMetric® imaging colorimeters, photometers and light source measurement systems. Radiant has approximately 100 employees and is headquartered in Redmond, Wash., USA, with strategic offices in Shanghai, China, and South Korea. For more information, go to www.radiantvisionsystems.com/New Window.
About Konica Minolta:
Konica Minolta is a global technology provider engaged in the development, manufacturing and sale of multi-functional peripherals (MFPs), printers, equipment for production print systems and graphic arts, equipment for healthcare systems, measuring instruments for industrial and healthcare applications, inkjet print heads and textile printers for industrial use, and related consumables and solution services. The company is also engaged in the development, manufacturing and sale of electronic materials, lighting source panels, functional films and optical products. Konica Minolta has over 41,000 employees and operates in 150 countries. For more information, go to www.konicaminolta.com.