Uster Technologies announces the successful closing of the acquisition of Elbit Vision Systems

Uster Technologies is an independent subsidiary of Toyota Industries Corporation (TICO), a Japanese listed company headquartered in Uster, Switzerland.The Uster Group operates through a worldwide market organisation complemented by technology centres. The Group provides testing and monitoring instruments, systems and services that allow optimization of quality through each individual stage of textile production which includes raw textile fibres, such as cotton or wool, all staple fibre and filament yarns, as well as downstream services to the final finished fabric.The Uster Group is a leading high-technology instrument manufacturer of products for quality measurement and certification for the textiles industry.

Elbit Vision Systems (EVS), is a leading high-technology supplier for automated vision inspection in the textiles industry. Uster Technologies has announced the successful closing of the acquisition of Elbit Vision Systems (EVS).The acquisition enlarges Uster’s abilities in quality control and strengthens its product portfolio.

Sam Cohen, CEO of EVS expressed that ,“I am proud of the progress we have made during the last few years in improving our products and services leading to increased customer satisfaction, expanding our footprint while delivering on our financial targets.” “Now, I am very much looking forward to continue working for EVS, now part of Uster, and combining our offering. I believe that we will demonstrate the potential to provide our customers with new, innovative products that can address unmet needs,” he said.

VS’s products are used to automatically locate, label and trace defects of fabric and web products, and ultimately to grade the quality and determine the value of the produced goods.

E Thomas Nasiou, CEO of Uster quoted that, “I am delighted that we are now able to finalize this major milestone, which embodies the strengthening of Uster’s activities across the globe. ”He said that, “The access to innovative technology and the enhanced presence will enable us to strengthen our offering to customers, and offer new, interesting perspectives to the colleagues of Uster and EVS. The acquisition fits perfectly into our vision to be the world’s leading supplier of quality solutions for the textile industry from fibre to fabric.”