Axia Partners advises MTI Group Holdings in the sale of its Machine Vision division to DVT Corporation
July 22, 2004
For Immediate Release
Providence, RI., MTI Group Holding, Inc. (MTI), is pleased to announce the sale of its Machine Vision division to DVT Corporation of Duluth, GA. MTI Machine Vision is widely recognized as a leader in the development of semiconductor related vision algorithms. DVT is a global leader in general purpose machine vision systems and offers the widest range of smart camera products in the industry. Axia Advisors acted as the exclusive financial advisor to MTI.
“We believe that the combination of MTI’s machine vision software algorithms coupled with DVT’s vision platforms and strong distribution channel will create significant value for DVT’s customers, stated Stu Geman, co-founder and Chairman of MTI.
Mr. Geman also stated, “Axia Partners played an important role in guiding us through the acquisition process. Their hands-on industry experience combined with their M&A experience and industry contacts, were critical in presenting a strong value proposition to the right prospects and in negotiating a fair deal with DVT.”
About Axia Partners
Axia Partners is a private equity investment and advisory firm that is dedicated to increasing the equity value of our portfolio companies and clients through active participation that leverages the operational experience and in-depth market knowledge of our General Partners. Axia operates as both a private equity investment firm through Axia Capital and as financial advisors through Axia Advisors. Axia is unique in that we focus on these small to midsize transactions in the markets where we have demonstrated, real-world experience.
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