AVT Acquires GMI, Enters Commercial Printing and Newspaper Markets

HOD HASHARON, Israel—Advanced Vision Technology (AVT) has entered the commercial and newspaper printing markets through its acquisition of Graphic Microsystems, Inc. (GMI), a 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.