Vishay Precision Group Acquires Nokra
Vishay Precision Group (VPG) has acquired Nokra Optische Prueftechnik & Automation GmbH, a German manufacturer of precision measuring and testing equipment. This acquisition enhances VPG's productivity solutions for the steel and metal processing industries. Nokra's laser-based measuring systems complement VPG's existing KELK measurement and inspection solutions for steel and aluminum rolling mills.
The acquisition aligns with VPG's long-term strategy to address growing opportunities in optimized production and quality control solutions. Nokra's systems offer a high-value alternative to existing technologies in the market, providing precise measurements of thickness, flatness, contour, width, and 3D profiles of various metals in both inline and offline production settings. The terms of the transaction were not disclosed.
Vishay Precision Group (VPG) ha acquisito Nokra Optische Prueftechnik & Automation GmbH, un produttore tedesco di strumenti di misurazione e collaudo di precisione. Questa acquisizione potenzia le soluzioni di produttività di VPG per le industrie della lavorazione dell'acciaio e dei metalli. I sistemi di misurazione basati su laser di Nokra completano le esistenti soluzioni di misurazione e ispezione KELK di VPG per i laminatoi di acciaio e alluminio.
L'acquisizione si allinea con la strategia a lungo termine di VPG per affrontare le crescenti opportunità in soluzioni di produzione e controllo qualità ottimizzati. I sistemi di Nokra offrono un'alternativa di alto valore rispetto alle tecnologie esistenti sul mercato, fornendo misurazioni precise di spessore, planarità, contorno, larghezza e profili 3D di vari metalli in contesti di produzione inline e offline. I termini della transazione non sono stati divulgati.
Vishay Precision Group (VPG) ha adquirido Nokra Optische Prueftechnik & Automation GmbH, un fabricante alemán de equipos de medición y prueba de precisión. Esta adquisición mejora las soluciones de productividad de VPG para las industrias de procesamiento de acero y metales. Los sistemas de medición basados en láser de Nokra complementan las existentes soluciones de medición e inspección KELK de VPG para los molinos de laminación de acero y aluminio.
La adquisición se alinea con la estrategia a largo plazo de VPG para abordar las crecientes oportunidades en soluciones de producción optimizada y control de calidad. Los sistemas de Nokra ofrecen una alternativa de alto valor a las tecnologías existentes en el mercado, proporcionando mediciones precisas de espesor, planitud, contorno, ancho y perfiles 3D de varios metales en configuraciones de producción tanto en línea como fuera de línea. Los términos de la transacción no fueron divulgados.
비샤이 정밀 그룹(VPG)은 노크라 광학 시험 기술 및 자동화 GmbH를 인수했습니다. 노크라는 정밀 측정 및 테스트 장비를 제조하는 독일 회사입니다. 이 인수는 VPG의 강철 및 금속 가공 산업을 위한 생산성 솔루션을 향상시킵니다. 노크라의 레이저 기반 측정 시스템은 VPG의 기존 KELK 측정 및 검사 솔루션을 보완합니다.
이번 인수는 최적화된 생산 및 품질 관리 솔루션에서 증가하는 기회를 해결하기 위한 VPG의 장기 전략과 일치합니다. 노크라의 시스템은 시장의 기존 기술에 대한 고부가가치 대안을 제공하며, 다양한 금속의 두께, 평탄도, 형상, 폭 및 3D 프로파일을 생산 라인 내외부에서 정밀하게 측정합니다. 거래 조건은 공개되지 않았습니다.
Vishay Precision Group (VPG) a acquis Nokra Optische Prueftechnik & Automation GmbH, un fabricant allemand d'équipements de mesure et d'essai de précision. Cette acquisition renforce les solutions de productivité de VPG pour les industries de traitement de l'acier et des métaux. Les systèmes de mesure basés sur laser de Nokra complètent les solutions de mesure et d'inspection KELK existantes de VPG pour les laminoirs à acier et en aluminium.
L'acquisition s'inscrit dans la stratégie à long terme de VPG pour saisir les opportunités croissantes dans l'optimisation de la production et des solutions de contrôle qualité. Les systèmes de Nokra offrent une alternative de grande valeur aux technologies existantes sur le marché, fournissant des mesures précises d'épaisseur, de planéité, de contour, de largeur et de profils 3D de divers métaux dans des environnements de production à la fois en ligne et hors ligne. Les termes de la transaction n'ont pas été divulgués.
Die Vishay Precision Group (VPG) hat Nokra Optische Prueftechnik & Automation GmbH übernommen, einen deutschen Hersteller von Präzisionsmess- und Prüfgeräten. Diese Akquisition verbessert die Produktivitätslösungen von VPG für die Stahl- und Metallverarbeitungsindustrie. Die laserbasierten Messsysteme von Nokra ergänzen die bestehenden KELK-Mess- und Inspektionslösungen von VPG für Walzwerke für Stahl und Aluminium.
Die Akquisition passt zur langfristigen Strategie von VPG, wachstumsorientierte Chancen in der optimierten Produktion und Qualitätssicherung zu nutzen. Die Systeme von Nokra bieten eine wertvolle Alternative zu bestehenden Technologien auf dem Markt, indem sie präzise Messungen von Dicke, Ebenheit, Kontur, Breite und 3D-Profilen verschiedener Metalle in Inline- und Offline-Produktionsumgebungen ermöglichen. Die Bedingungen der Transaktion wurden nicht bekannt gegeben.
- Expansion of VPG's product portfolio in precision measurement solutions
- Enhancement of offerings for steel and metal processing industries
- Alignment with VPG's long-term growth strategy
- Potential for increased market share in manufacturing quality control solutions
- None.
Insights
The acquisition of Nokra by Vishay Precision Group (VPG) is a strategic move that could strengthen VPG's position in the precision measurement and sensing technologies market. While the financial terms were not disclosed, this deal has potential positive implications for VPG's growth strategy:
- Expansion of product portfolio: Nokra's laser-based measuring systems complement VPG's existing KELK solutions, potentially increasing market share in steel and aluminum industries.
- Technological synergies: The acquisition may lead to improved offerings and innovation in measurement solutions for metal processing.
- Market opportunity: VPG is positioning itself to capitalize on growing demand for optimized production and quality control solutions.
- Geographic expansion: Nokra's German base could strengthen VPG's presence in the European market.
While the immediate financial impact is unclear without transaction details, this acquisition aligns with VPG's long-term growth strategy and could enhance its competitive edge in precision measurement technologies.
The acquisition of Nokra by VPG represents a significant technological advancement in the precision measurement sector for metal processing. Nokra's laser-based systems offer several advantages:
- Enhanced precision: Laser technology typically provides higher accuracy compared to traditional methods, important for quality control in metal manufacturing.
- Versatility: The ability to measure thickness, flatness, contour, width and 3D profiles covers a wide range of applications in metal processing.
- Inline and offline capabilities: This flexibility allows for integration into various production setups, potentially improving efficiency and reducing downtime.
By integrating Nokra's technology, VPG is poised to offer more comprehensive solutions to its customers, potentially capturing market share from competitors using older technologies. This move could drive innovation in the industry and lead to improved productivity and quality in steel and aluminum manufacturing processes.
Acquisition augments VPG’s productivity solutions for steel and metal processing
MALVERN, Pa., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced it acquired Nokra Optische Prueftechnik & Automation GmbH (Nokra), a Germany-based, privately held maker of precision measuring and testing equipment for manufacturing. The terms of the transaction were not disclosed.
Commenting on the acquisition, Saul Reibstein, Chairman of the Board of VPG said, “We are pleased to add Nokra’s products to the VPG family. Nokra’s technologies fit well with our focus on sensor and precision measurement solutions.”
Ziv Shoshani, VPG’s Chief Executive Officer, commented, “Nokra’s laser-based measuring systems expand upon our existing KELK measurement and inspection solutions for steel and aluminum rolling mills, as well as for the metal processing industry around the world. Nokra’s systems offer customers a high-value alternative to existing technologies in the market and the acquisition dovetails with our long-term strategy to address growing opportunities for optimized production and quality control solutions.”
Nokra’s laser-based measurement gauge systems are used to precisely measure the thickness, flatness, contour, width or 3D profile of various metals depending on the application, in both inline and offline production.
ABOUT KELK
Founded in 1953 and based in Toronto, Canada, KELK (also known as Vishay Precision Group Canada ULC), is an ISO 9001:2015 certified organization, specializing in the design and manufacture of state-of-the-art electronic measurement equipment used mainly in steel and aluminum rolling mills and mining applications around the world. To learn more, visit KELK at www.kelk.com.
About VPG
Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and sensing technologies. Our sensors, weighing solutions and measurement systems optimize and enhance our customers’ product performance across a broad array of markets to make our world safer, smarter, and more productive. To learn more, visit VPG at vpgsensors.com and follow us on LinkedIn.
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Such statements are based on current expectations only, and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, expected, estimated, or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; impact of inflation; potential issues respecting the United States federal government debt ceiling; global labor and supply chain challenges; difficulties or delays in identifying, negotiating and completing acquisitions and integrating acquired companies; the inability to realize anticipated synergies and expansion possibilities; difficulties in new product development; changes in competition and technology in the markets that we serve and the mix of our products required to address these changes; changes in foreign currency exchange rates; political, economic, and health (including pandemics) instabilities; instability caused by military hostilities in the countries in which we operate (including Israel); difficulties in implementing our cost reduction strategies, such as underutilization of production facilities, labor unrest or legal challenges to our lay-off or termination plans, operation of redundant facilities due to difficulties in transferring production to achieve efficiencies; compliance issues under applicable laws, such as export control laws, including the outcome of our voluntary self-disclosure of export control non-compliance; significant developments from the recent and potential changes in tariffs and trade regulation; our efforts and efforts by governmental authorities to mitigate the COVID-19 pandemic, such as travel bans, shelter-in-place orders and business closures and the related impact on resource allocations, manufacturing and supply chains; our status as a “critical”, “essential” or “life-sustaining” business in light of COVID-19 business closure laws, orders and guidance being challenged by a governmental body or other applicable authority; our ability to execute our new corporate strategy and business continuity, operational and budget plans; and other factors affecting our operations, markets, products, services, and prices that are set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date of this report or as of the dates otherwise indicated in such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
Steve Cantor
Vishay Precision Group, Inc.
781-222-3516
info@vpgsensors.com
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