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

19 January 2021

Mark Radford, LMI’s chief operating officer, will succeed Arden as CEO. Arden will continue on a part-time basis with LMI

04 January 2021

The acquisition adds Flir's thermal and infrared imaging technologies to Teledyne's visible imaging capabilities

21 December 2020

Perceptron's 3D measuring solutions complement Isra Vision's 3D vision systems and, together, they offer products for automating key applications along the automotive production line

16 December 2020

Recycleye’s vision system is capable of detecting and classifying items in waste streams, broken down by material, object and brand