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Perceptron Acquires Two European Metrology Companies



Coord3 "Universal" line of high-performance CMMs

TouchDMIS offers a 100% touch interface for programming from CAD models, according to the company.

Perceptron Inc., a provider of non-contact 3D machine vision solutions for industrial measurement, inspection and robot guidance applications, has announced that it has acquired two European metrology companies: Coord3 Industries s.r.l. and Next Metrology Software s.r.o. (NMS). Based in Turin, Italy, Coord3 is a mid-market designer and builder of a full range of high-performance Coordinate Measurement Machines (CMMs). Based in Prague, Czech Republic, NMS is a technical provider of CMM operating software and the developer of TouchDMIS.

The NMS acquisition closed on Jan. 29, and the Coord3 acquisition closed on Feb. 27.

"The acquisitions of Coord3 and NMS illustrate the progress we are making to implement our strategic plan," said Jeffrey M. Armstrong, Chief Executive Officer of Perceptron. "These transactions expand and diversify our offerings in the industrial metrology market and particularly in the scanning CMM market, which is estimated to be growing at a 15% annual rate. According to Frost & Sullivan, global CMM sales are estimated to exceed $1.8 billion in 2015, with automotive CMM sales at approximately $625 million and aerospace CMM sales at approximately $350 million. By offering a compelling solution in this marketplace, we believe we can help expand the overall market while increasing our share of the total.

"Coord3 is an innovative supplier of a full range of CMMs with a growing global customer base. It is one of only two companies in the world able to design and manufacture gantry-style CMMs used to measure very large equipment such as aircraft wings, complete car bodies and railcar frames. By combining the full range of Coord3's CMMs with Perceptron's laser scanners and NMS' easy-to-use TouchDMIS CMM operating software, Perceptron is able to offer fully integrated CMM solutions worldwide.

"Our resources will expand the geographic reach of Coord3 as well as provide direct access for its CMMs to our extensive automotive customer base. Importantly, being able to sell CMMs in the automotive sector expands our addressable market to approximately 70% of the total that the automotive industry spends on metrology solutions."

Angelo Muscarella, President of Coord3 Industries, will continue as Managing Director of Perceptron's CMM business, which will be operated under the Coord3 name through wholly owned subsidiaries of Perceptron. Muscarella also will serve as Perceptron's Country Manager for Italy.

For more information contact:

Perceptron, Inc.

47827 Halyard Drive

Plymouth, MI 48170

734-414-6100

info@perceptron.com

www.perceptron.com

www.coord3-cmm.com

www.touchdmis.com

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