E2v sells thermal imaging business for £3.5 million

Share this on social media:

British engineering firm Avon Rubber has acquired the trade and assets of e2v Technologies’ Argus thermal imaging camera business for £3.5 million. The acquisition was funded from existing debt facilities.

Argus thermal imaging cameras will add to Avon Rubber’s fire and first responder product range. As part of a division of e2v Technologies Argus does not produce stand alone audited accounts, however revenue in the last financial year was approximately £5 million.

Commenting on the purchase, Andrew Lewis, interim chief executive officer, said: ‘We expect the acquisition to be modestly earnings enhancing during the current financial year. The Argus team brings a wealth of technical expertise in this area which will generate longer term product development opportunities for the Protection and Defence business.’

E2v said the sale is part of the company's strategy to focus on its core customers, markets and opportunities, with the ongoing simplification of its operations.

Further information:

E2v Technologies

Avon Rubber

Recent News

22 April 2021

The new generation of the Xiaomi Mix uses a liquid lens from Swiss firm Nextlens, sister company to Optotune

21 April 2021

The conference was held online last year in light of the pandemic, and it was hoped earlier in the year that it would take place in person in Milton Keynes this year

14 April 2021

The platform integrates the Nvidia Jetson TX2NX module with an edge-to-cloud software stack including AWS Panorama Device SDK

08 April 2021

The swir detector will be integrated into the Copernicus Land Surface Temperature Monitoring satellite, and will measure surface temperatures of land experiencing drought