RDI Technologies, Inc., a global provider of vision-based vibration analysis solutions, announced it has completed the purchase of privately-held Fastec Imaging Corporation, a global supplier of digital scientific high-speed imaging systems.
RDI's acquisition of Fastec adds new customers, talent and intellectual property, and it enables RDI to accelerate its product development initiatives. The transaction follow's SFW Capital Partners' strategic investment in RDI in February 2022. SFW is supporting the RDI management team in its execution of various growth initiatives, including building out its management team, enhancing its sales and marketing capabilities, expanding its product offering and pursuing strategic add-on acquisitions.
"Our Motion Amplification solutions, strengthened by Fastec's high-speed expertise and technologies, will give customers the ability to see more and do more than traditional technology allows," said Dr. Jeff Hay, CEO of RDI Technologies. "As we continue to invest in building the industry's most comprehensive portfolio of vision-based vibration analysis solutions, we look forward to creating new opportunities and driving innovation with Fastec."
"We are excited to join the RDI team in delivering even greater value to our customers, partners and the high-speed camera market," said Charles Mrdjenovich, President and CTO of Fastec Imaging, who will remain a senior technology executive in the combined company. "Fastec's unique high-speed expertise and technologies combined with RDI's scale and market leading Motion Amplification solutions will unlock growth potential and accelerate time to market, empowering large and small enterprise customers with world-class visualization technologies."
Noncontact high-speed cameras can measure and analyze motion and detail not captured by the human eye for deeper insight into process characteristics, material strength and durability and component visualization. The high-speed scientific camera market is expected to grow by double-digits annually, according to recent studies.
Fastec's team will join RDI and its technology will integrate into RDI's product roadmap, while continuing to offer Fastec's high-speed cameras to the manufacturing, condition monitoring, science and engineering and mining markets.
For more information contact:
RDI Technologies, Inc.
10024 Investment Drive, Ste. 150
Knoxville, TN 37932
865-606-1080
www.rditechnologies.com
Fastec Imaging Corporation
17150 Via Del Campo, Ste. 301
San Diego, CA 92127
858-592-2342
www.fastecimaging.com