Started Procedures for the Acquisition of Avonix Imaging, LLC
April 27, 2023
TOKYO - Nikon Corporation ("Nikon") is pleased to announce that its US subsidiary, Nikon Americas Inc. (Ryota Satake, Director & President, "NAI"), has executed an equity purchase agreement with Avonix Imaging, LLC (Jeffrey Diehm and Brian Ruether, Co-Managing Directors, "Avonix") which engages in manufacturing, sales, and services relating to X-ray and CT Systems, and has commenced the procedures to acquire Avonix as its subsidiary, subject to applicable regulatory clearances and customary closing conditions. NAI is anticipated to acquire all shares of Avonix in Summer 2023, following the clearance of the acquisition by relevant regulatory authorities and satisfaction of the other applicable closing conditions.
Since 2015, Nikon and Avonix have worked together in joint development, sales, and provision of services relating to CT systems for large-scale inspection, which are one of the lines of products by Nikon's Industrial Metrology Business Unit. Nikon and Avonix will together further advance the development of new products as well as enhance their business by utilizing Avonix's customer base in the automotive and aerospace fields.
Nikon has positioned digital manufacturing business as its key strategic business in its medium-term management plan targeting FY2022 to FY2025. In the area of X-ray and CT inspections, Nikon aims to provide innovative solutions to various inspection/measurement needs and challenges at manufacturing sites.
Overview of Avonix Imaging, LLC
| Company name | Avonix Imaging, LLC |
|---|---|
| Head office location | Minnesota, USA |
| Representatives | Jeffrey Diehm (Co-Managing Director), Brian Ruether (Co-Managing Director) |
| Foundation | 2012 |
| Number of employees | Approximately 30 |
| Business | Manufacturing, sales, and provision of services of X-ray and CT Systems |
The information is current as of the date of publication. It is subject to change without notice.