15 August
2024
Mpac Group
plc
(''Mpac'' or the
"Group")
Acquisition of SIGA Vision
Ltd
Mpac Group plc, a global leader in high-speed packaging and automation
solutions, is pleased to announce that it has
acquired the trade and certain assets of SIGA Vision Ltd ("SIGA"),
a UK-based provider of machine vision solutions to the food,
beverage and healthcare markets (the
"Acquisition").
SIGA, founded in 2007, is a leading
designer of automated visual inspection systems, providing
customers with solutions for production line control and material
handling, defect detection and quality control. Using
robotic guidance cameras and highly sophisticated
image processors, SIGA designs solutions to reduce
or prevent human error, reduce waste, streamline processes and cut
costs.
Mpac and SIGA have a long history of
working together to provide vision solutions on Mpac's packaging
machines as well as providing aftermarket support to our
customers. The Acquisition provides a platform from which
Mpac can provide fully integrated support to its existing and
future customers with vision-related solutions, a key component in
full line packaging automation.
The Acquisition size is immaterial
in the context of the Group and is significantly below the
thresholds for a substantial transaction for the purposes of the
AIM Rules for Companies.
Adam Holland, Chief Executive,
commented:
"I am delighted that we have been
able to acquire SIGA, a leader in its field that has been a partner
to Mpac for many years. The solutions provided by SIGA are critical
to our customers' operations and we look forward to welcoming SIGA
into Mpac Group as we further develop our business, global customer
support and technology offering."
For
further information, please contact:
|
Mpac
Group plc
Adam Holland, Chief
Executive
Will Wilkins, Group Finance
Director
|
Tel: +44(0)24 7642 1100
|
|
Shore Capital (Nominated Adviser &
Broker)
Advisory
Patrick Castle/Sophie
Collins
Broking
Henry Willcocks
|
Tel: +44(0)20 7408 4050
|
|
Panmure Liberum (Joint Broker)
Edward Mansfield
Will King
Anake Singh
Hudson Sandler
Nick Lyon
Nick Moore
|
Tel: +44 (0) 20 3100 2000
Tel: +44 (0) 20 7796 4133
|
About Mpac Group plc
Mpac designs, builds and supports the
machines that assemble and package the products that millions of
people around the world depend on. Headquartered in the UK and have
strategically located manufacturing and service locations to
provide customers with local support and a global reach. Mpac is
listed on AIM, a market of the London Stock Exchange, under the
trading symbol 'MPAC'.
Read more about Mpac Group
here: https://mpac-group.com/
About SIGA Vision
Ltd
SIGA Vision is a leading designer of
automated visual inspection solutions for production line problems,
material handling, defect detection and quality control. The
company operates throughout the UK, Europe and US, and has become
the global leader in machine vision processors, installation,
training and problem solving, designing solutions for other
suppliers and manufacturers around the world.
Read more about SIGA Vision Ltd
here: https://sigavision.com/