Elbit Vision Systems
Automatic Optical Inspection for Fabrics, Auto Parts, and PCBs
Company Overview
Snapshot
Founded in September 1992, Elbit Vision Systems operated with 11–50 employees, developing automatic optical inspection solutions. The company was acquired by Uster Technologies in February 2018, leading to its delisting from the OTC stock exchange.
Business overview
Elbit Vision Systems (EVS) specialized in automatic optical inspection solutions for production and quality control across various materials, including specialty fabrics, apparel, non-woven materials, and composite materials. Their computerized vision technology was designed to detect defects and enhance production efficiency. EVS served markets in Industrial Technologies, leveraging Artificial Intelligence and Computer Vision to cater to industries such as Consumer Goods (Apparel, Textile), Healthcare & Life Sciences (Biotechnology), and Industrial Manufacturing (Automotive, Metals).
Strategic signal
In February 2018, Elbit Vision Systems was acquired by Uster Technologies for $32 million, marking a significant exit for the company and integrating its advanced optical inspection technology into a larger industrial player. This acquisition highlights the strategic value of EVS's defect detection capabilities in enhancing quality control and efficiency within manufacturing sectors, signaling consolidation and technological integration in the industrial automation market.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant corporate event for Elbit Vision Systems in early 2018?
- In February 2018, Elbit Vision Systems was acquired by Uster Technologies for $32 million, leading to its delisting from the OTC stock exchange.
- When did Elbit Vision Systems acquire ScanMaster Systems?
- Elbit Vision Systems acquired ScanMaster Systems in January 2004.
- What was the nature of Elbit Vision Systems' public offering in November 2011?
- In November 2011, Elbit Vision Systems had a public offering, trading under the ticker EVSNF on the OTC stock exchange.
- What was a key product order received by Elbit Vision Systems in March 2016?
- In March 2016, Elbit Vision Systems received an order for its IQ-TEX4 systems, specifically for denim applications.
- What is the primary focus of Elbit Vision Systems' technology?
- Elbit Vision Systems developed automatic optical inspection solutions utilizing computerized vision technology to detect defects and improve production efficiency in various materials, including fabrics, auto parts, and PCBs.