AVT to acquire E+L print inspection products as part of new alliance

 Jaron Lotan, CEO of AVT

Erhardt+Leimer and AVT have announced their intent to form a strategic alliance to provide wider range of integrated automation solutions for the printing and converting industries.

According to the companies understandings, in a first step AVT will acquire E+L’s automatic print inspection solutions and will assume the responsibility to develop and manage these solutions for the customers of both compnaies in the label and packaging, including the corrugated sector. In return, E+L will be entitled to future earn outs and a cash payment as per the set terms. As part of the agreement, Dr Michael Proeller, E+L’s CEO, will be appointed chairman of AVT’s advisory board, and serve as an observer on AVT’s board of directors.

The expected agreement makes AVT the official inspection and press control provider for E+L, positioning AVT as responsible for the companies’ mutual automatic print inspection solutions development; this includes both current products and ongoing product developments in the printing sector. Each company will then offer solutions from both AVT and E+L to all customers.

Consequently in the next stage, the alliance will offer customers a wider selection of solutions that may originate from either AVT or E+L.  This allows both companies to increase customer responsiveness and maximize global footprints.

‘We look forward to working together with the great team at E+L to provide better solutions to our customers,’ said Jaron Lotan, CEO of AVT. ‘This partnership is exciting for all involved and will broaden each firm’s reach and expertise. This alliance was founded and structured in a way that will allow us to bring the best of both companies together to create great value for customers, employees and shareholders.’

‘Our two companies have known one another for decades, and have a high level of respect for the others’ products, technology and personnel,’ said Michael Proeller, CEO of E+L. ‘Maximising customer satisfaction, comprising products, technology and global 365/24/7 coverage is the driving factor behind this alliance. We are convinced that, together, we will be building the top team and offerings in the industry for the benefit of our worldwide customers.’