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Basler AG: Basler and i2S announce Joint Venture in Distribution Business

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DGAP-News: Basler AG / Key word(s): Joint Venture
Basler AG: Basler and i2S announce Joint Venture in Distribution Business
03.05.2022 / 07:39
The issuer is solely responsible for the content of this announcement.

Corporate News

Basler and i2S announce Joint Venture in Distribution Business

Computer vision expert Basler and French machine vision specialist i2S announce plans for Basler to acquire a stake in i2S and establish a joint venture. Basler thus would expand its direct business in Europe.

Ahrensburg, May 3, 2022 - Basler AG, a leading manufacturer in the computer vision sector, has made a participation offer to its long-time French distribution partner i2S for the distribution business with image processing components. Both companies have discussed for Basler to purchase a 25.1 percent stake in the i2S distribution business. The joint venture would operate under the name Basler France. The proposed transaction should take effect on July 1, 2022, subject to the information and consultation of the i2S Social and Economic Committee (CSE).

It is intended that Basler will acquire the remaining 74.9 percent stake on July 1, 2024.

Xavier Datin, CEO of i2S, will accompany the handover phase as President of Basler France.

Christian Stoffers, Head of Sales Europe at Basler AG, and Xavier Datin explain: "Both companies have been working together very successfully for many years. We are both pleased to be able to strengthen and deepen our partnership with this investment. The French market is an important step in Basler's growth strategy and in the expansion of its direct business."

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Basler is a leading international manufacturer of high-quality imaging components for computer vision applications. In addition to classic area scan and line scan cameras, lenses, frame grabbers, light modules, and software, the company offers embedded vision modules and solutions, 3D products, as well as customized products and consulting services. Basler's products are used in a variety of markets and applications, including factory automation, medical, logistics, retail, and robotics. They are characterized by high reliability, an excellent price/performance ratio, and long-term availability. Founded in 1988, the Basler Group employs around 1000 people at its headquarters in Ahrensburg and other locations in Europe, Asia and North America. Thanks to its worldwide sales and service organization and cooperation with renowned partners, it offers solutions that fit for customers from a wide range of sectors.

Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 - 62, 22926 Ahrensburg, Tel. +49 (0)4102-463100, ir/baslerweb.com, www.baslerweb.com, ISIN DE 0005102008




Contact:
Basler AG
Verena Fehling
Tel. +49 4102 463 101
Email: Verena.fehling@baslerweb.com


03.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Basler AG

An der Strusbek 60-62

22926 Ahrensburg

Germany

Phone:

04102-463 0

Fax:

04102-463 109

E-mail:

ir@baslerweb.com

Internet:

www.baslerweb.com

ISIN:

DE0005102008

WKN:

510200

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1341649


 

End of News

DGAP News Service

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