Key Technology Inc. and Visys NV, a provider of chute-fed in-air sorters used by food processors and waste recyclers, have entered into a merger agreement. The combination of Key Technology and Visys will create a complete source of high-performance, digital sorting technologies available for food processing and other industrial markets, according to the companies.
“We’re well positioned to improve customers’ operational efficiencies and maximize their competitive advantages," said Jack Ehren, president and CEO of Key Technology. "Furthermore, by consolidating our intellectual property and innovations, we expect to accelerate the development of next-generation sorting technology.”
Visys will continue to operate in Hasselt, Belgium, as a wholly-owned subsidiary of Key Technology. Frank Zwerts will assume the position of president of EMEIA for Key Technology and will play a prominent role in Key’s global strategy and corporate development.
“With this merger, the combined entity is at the forefront of vision inspection technology, analytics and intelligence," said Zwerts. “The Visys team believes in the holistic benefits of combining the two companies, and we are excited to work with Key to accelerate our potential and growth prospects.”
The strengths of Key and Visys are complementary on multiple levels, according to the companies. Visys adds field-proven chute-fed in-air sorters to Key’s family of belt-fed sorters. Plus, Visys has developed advanced laser technology and hyperspectral-based BioPrint sorting, while Key excels with camera/laser sorting and the integration of conveying and other processing systems. Visys will add a culture of innovation to Key’s 65 years as a trusted supplier, an established global sales and service organization, the financial health and integrity associated with publicly-traded companies, and a culture of strong customer relationships and support.
“We’re well positioned to improve customers’ operational efficiencies and maximize their competitive advantages," said Jack Ehren, president and CEO of Key Technology. "Furthermore, by consolidating our intellectual property and innovations, we expect to accelerate the development of next-generation sorting technology.”
Visys will continue to operate in Hasselt, Belgium, as a wholly-owned subsidiary of Key Technology. Frank Zwerts will assume the position of president of EMEIA for Key Technology and will play a prominent role in Key’s global strategy and corporate development.
“With this merger, the combined entity is at the forefront of vision inspection technology, analytics and intelligence," said Zwerts. “The Visys team believes in the holistic benefits of combining the two companies, and we are excited to work with Key to accelerate our potential and growth prospects.”
The strengths of Key and Visys are complementary on multiple levels, according to the companies. Visys adds field-proven chute-fed in-air sorters to Key’s family of belt-fed sorters. Plus, Visys has developed advanced laser technology and hyperspectral-based BioPrint sorting, while Key excels with camera/laser sorting and the integration of conveying and other processing systems. Visys will add a culture of innovation to Key’s 65 years as a trusted supplier, an established global sales and service organization, the financial health and integrity associated with publicly-traded companies, and a culture of strong customer relationships and support.
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