Perceptron Inc. Acquires Coord3 and Next Metrology Software

March 26, 2015
The Coord3 acquisition closed on February 27, 2015 and NMS on January 29, 2015.

Perceptron Inc., a company focusing on non-contact 3D machine vision solutions for industrial measurement, inspection, and robot guidance applications, has reached an agreement to acquire two European metrology companies.

  • Coord3 Industries s.r.l, a leading mid-market designer and builder of a full range of high-quality and high-performance Coordinate Measurement Machines (CMMs), based in Turin, Italy.
  • Next Metrology Software s.r.o., a technical leader in CMM operating software and the developer of TouchDMIS™, based in Prague, Czech Republic.

The Coord3 acquisition closed on Feb. 27, 2015, and NMS on Jan. 29, 2015. The total value of the transactions will be approximately $15.9 million; the combined companies have approximately $15 million in annual revenue. Management expects the transactions will be accretive by the end of fiscal 2016.

"The acquisitions of Coord3 and Next Metrology illustrate the progress we are making to implement our strategic plan," said Jeffrey M. Armstrong, chief executive officer of Perceptron.

"These transactions expand and diversify our offerings in the industrial metrology market, and particularly in the scanning CMM market, which is estimated to be growing at a 15-percent annual rate. According to Frost & Sullivan, global CMM sales are estimated to exceed $1.8 billion in 2015, with automotive CMM sales at approximately $625 million and aerospace CMM sales at approximately $350 million. By offering a compelling solution in this marketplace, we believe we can help expand the overall market while increasing our share of the total."

Angelo Muscarella, the president of Coord3 Industries, will continue as managing director of Perceptron's CMM business, which will be operated under the Coord3 name through wholly owned subsidiaries of Perceptron. Muscarella also will serve as Perceptron's country manager for Italy.