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At LMI Technologies we work to advance quality and productivity with 3D sensor technology. Our award-winning, FactorySmart® solutions improve the quality and efficiency of factory production by providing fast, accurate, reliable inspection solutions that leverage smart 3D technologies. Unlike contact based measurement or 2D vision, our products remove complexity and dramatically reduce implementation cost while achieving repeatable, highly accurate measurement. To learn more about how LMI's inspection solutions can benefit your business, we invite you to contact us.

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LMI Technologies Joins with AUGUSTA Technologie to Build a Vision Power House

POSTED 05/06/2011

COUVER, B.C., CANADA – LMI Technologies, a market leader in 3D laser measurement sensors for industrial measurement and control applications, has sold 100 percent of its shares to join AUGUSTA Technologie AG – a publicly listed German sensor and vision technology company. As a result of this acquisition, LMI will become part of a larger worldwide company in the field of digital imaging technologies.

AUGUSTA is located in Munich, Germany, and focuses on two market segments - Sensors and Vision. Within its Vision Segment, AUGUSTA is already leading the market in digital cameras for machine vision under the Allied Vision Technologies brand: with FireWire cameras ranked #1 and GigE cameras ranked #2. "LMI is a perfect fit to our Vision activities and will give us access to the rapidly growing 3D market. Combining LMI's strength in 3D with our leading market position in digital machine vision cameras will offer multiple benefits and a much broader product offering for the combined customer base worldwide", said Amnon Harman, CEO of AUGUSTA Technologie AG commenting on the acquisition.

AUGUSTA's mission is to further increase its presence in existing and new growth markets – regional and product-related – within the vision industry. LMI's innovative technology and culture offers entry into the growing 3D market and further regional expansion especially into North America. LMI 3D products move the AUGUSTA Vision Group up the value chain from components to systems and solutions.

Through AUGUSTA, LMI can expand its distribution channels for Gocator. This will help ensure Gocator is well positioned worldwide as a leading, all-in-one, easy to use 3D measurement sensor. Additionally, LMI will benefit from the extensive camera technology capabilities to further develop unique 3D solutions for our customers in new and existing vertical markets.

With LMI as a leading expert in 3D sensor solutions, the AUGUSTA Group will continue to support LMI as the "specialist for industrial 3D measurement and control applications". The CEO of LMI Technologies Inc., Terry Arden, will retain his position following the acquisition of the company. "We are delighted to become part of the AUGUSTA Group, given the attractive synergies arising for both parties. In particular, the AUGUSTA focus on building a worldwide leading vision house will position us to serve our customers even better than today.", said Terry Arden.

LMI Technologies
LMI Technologies Inc. (LMI) is a global leader in 3D sensor measurement technology for industrial measurement and control applications. Over 100 patents and 30 plus years of sensor expertise has gone into over 60,000+ sensors and licensed products that operate in some of the harshest working environments imaginable. LMI?s technology supports the machine vision development needs of many of the world's largest OEMs and System Integrators in industries such as molten metals, welding, tire manufacturing, wood processing, livestock, automotive, transportation, and many others.

AUGUSTA Technologie AG
AUGUSTA Technologie AG is an integrated technology group with a focus on the niche markets of digital image processing (Vision) and sensor technology (Sensors).

The Vision business focuses on the supply of digital cameras and optical sensor systems for automation and enhancing quality, safety and efficiency. This business segment addresses a wide range of applications in different industries including manufacturing, health care and transportation technology. Digital film cameras for the media and entertainment market are a new niche segment being addressed.

In the Sensors division, the company develops, produces and sells sensor systems for customer-specific applications. The product portfolio ranges from the sale of individual pressure sensors to the development of complex sensor and measuring systems. The main areas of application are medical technology, machinery and plant engineering, the automotive industry, and the aviation and aerospace industries.

AUGUSTA generated revenues totaling EUR 129.3 million, and EUR 20.1 million in earnings before interest, tax, depreciation and amortization (EBITDA) in the 2010 financial year.   
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