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, specializing in automatic optical inspection solutions. The company was acquired by Uster Technologies in February 2018, marking a significant exit event.
Business overview
Elbit Vision Systems (EVS) developed automatic optical inspection solutions for quality control across various materials, including specialty fabrics, apparel, non-woven materials, and glass-fiber fabrics for printed circuit boards. Their computerized vision technology aimed to detect defects and enhance production efficiency. The company served industries requiring precise material inspection, operating within the Industrial Technologies sector with a focus on operational optimization solutions.
Strategic signal
In February 2018, Elbit Vision Systems was acquired by Uster Technologies for $32 million. This acquisition signals a successful exit for EVS, integrating its advanced optical inspection technology into a larger entity and expanding Uster Technologies' capabilities in quality control solutions for various industries.
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.