FEI announced that it has acquired Visualization Sciences Group (VSG) of Bordeaux, France. VSG provides 3D visualization software products and tools to a range of markets, including oil & gas, geosciences, mining, life sciences, materials science and industrial inspection.
The purchase price for the acquisition is € 44.8 million or approximately US-$ 55 million. FEI funded the purchase with euros from its European operations which otherwise would be subject to U.S. taxation if repatriated. VSG had pro-forma revenue for the 12 months ended June 30, 2012 of approximately US-$ 19 million and has 88 employees. FEI expects the acquisition to have a neutral impact on GAAP earnings for the second half of 2012 and to be accretive in 2013.
Imaging & Microscopy Issue 4 , 2012 as free epaper or pdf download