AVT and Erhardt+Leimer Finalize Strategic Alliance

AVT will acquire E+L’s automatic print inspection solutions and will assume the responsibility to develop and manage these solutions for both companies’ customers in the label and packaging applications, including the corrugated segment. In return E+L will be entitled to future earn outs and a cash payment as per the set terms. As part of the agreement, Dr. Michael Proeller, E+L’s CEO, will be appointed chairman of AVT’s advisory board and serve as an observer on AVT’s board of directors.