Acquisition
LMI Technologies has announced it has signed an agreement to acquire 100 per cent of GFMesstechnik's shares.
The Teltow/Berlin-headquartered company specialises in supplying 3D metrology parts and the agreement will result in the complete integration of GFM by LMI Technologies under the LMI brand.
Terry Arden, LMI CEO, said: "GFM's knowledge of instrument design and ultra precise measurement will be integrated across LMI's structured light HDI and Gocator product lines – enabling amazing new levels of performance for demanding applications requiring very high resolution. GFM staff will continue on by joining the LMI team and building 3D scanner products that focus on ease of use allowing customers to realise the benefits of 3D and achieve better business results."
This deal aims to galvanise LMI's presence in Germany, increasing its product representation internationally with the addition of the GFM reseller network. GFM employs 30 people and brings in an annual revenue of €5 million (£4 million, $6.7 million) and is a pioneer in the development of structured light metrology.
The German business has been working on this system of data measurement capture for nearly two decades and was one of the first businesses of its time to work closely with Texas Instruments to integrate Digital Light Processing technology into precise 3D measurement solutions like MikroCAD instruments.
GFM also focuses on small volume measurement with very high accuracy suitable for surface analysis of micro texture or inline inspection of electronic, medical, or pharmaceutical parts with microscopic detail.
GFM's 19 years of working with customers to solve their measurement challenges has allowed the company to develop extensive application knowledge and advanced 3D measurement algorithms.
Dr Frankowski, founder and President of GFM, stated: "I am pleased to know that customers, resellers and staff will benefit from a larger organisation who is a proven and dedicated supplier of 3D scanning and inspection products in a variety of industries. LMI is a very talented organisation who understands how to develop and support high volume, original equipment manufacturer relationships necessary to grow 3D market share."
With the addition of GFM, LMI will expand into new markets such as life sciences and surface metrology by leveraging GFM’s existing reseller channel network, building on its customer base and delivering next-generation scanner products suitable for volume and OEM customers.
