AVT Acquires GMI, Enters Commercial Printing and Newspaper Markets

HOD HASHARON, Israel—Advanced Vision Technology (AVT), a leader in automatic inspection solutions for printing applications, has entered the commercial and newspaper printing markets through its acquisition of Graphic Microsystems, Inc. (GMI), a leading manufacturer of pressroom automation equipment. The deal, in which AVT paid $33 million cash to Dover Diversified, Inc., a subsidiary of Dover Corporation, for 100 percent of GMI stock and certain intellectual property assets, closed successfully on Oct.1, 2007.