Esko Announces Planned Sale of Advanced Vision Technology to Porat Itay Holdings
Esko, a global provider of integrated software and hardware solutions that accelerate the go-to-market process of packaged goods, announced the sale of its Advanced Vision Technology (AVT) print inspection business to Porat Itay Holdings, Ltd., (Porat Itay) with an anticipated closing of the transaction in Q1 2025, subject to any customary conditions under applicable local law. The divestiture includes assets, employees, contractual agreements and intellectual property specific to AVT. Under its new ownership, AVT will maintain its brand name, identity, and product portfolio.
Porat Itay is a private company based in Israel, founded by Roy Porat and Yaron Itay. Roy Porat had previously held the role of President, AVT from 2020 until 2023, and Yaron Itay has successfully built and led several industrial technology companies in Israel.
“Selling the print inspection business, enables AVT to operate with the strategic focus necessary to drive its growth and innovation,” said Joël Depernet, President, Esko. “With our commitment to drive value accretive growth within our culture at Esko, it became apparent that our strategic ambitions in packaging management, prepress workflow and flexo platemaking solutions hindered ambitions of the AVT print inspection business. Under new leadership, I am sure AVT has exciting times ahead. We wish the team the very best for the future.”
“We are very excited about this opportunity, as it is the beginning of a new era for AVT,” said Roy Porat. "Given my familiarity with the AVT business, I am confident that with the support of the associates globally, we will demonstrate the right strategic focus and commitment to investment to grow the business and serve our customers."
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Packaging Impressions.
