Microscan acquires US company Label Vision Systems
Microscan Systems has purchased the trade and assets of Label Vision Systems (LVS), a US provider of label inspection, print inspection, and barcode verification technology. LVS will be fully integrated into Microscan and the LVS name will become a brand within Microscan’s barcode label verification portfolio.
Established in Peachtree City, Georgia, in 1993, LVS provides label inspection, print inspection, and barcode verification products, solutions, and services for the life sciences and other industries. The company has experienced rapid growth recently, according to Microscan. LVS’s technology, products, and solutions allow companies to inspect barcodes either off-line or in-line to comply with Unique Device Identification (UDI) and GS1 standards.
‘This is a strategic move for Microscan,’ said Scott Summerville, president of Microscan. ‘There are many advantages to acquiring the trade and assets of LVS. The leadership team at Microscan has a strong interest in developing and investing in LVS’s technology and products to support the market, which is expanding due to regulatory trends and corporate quality initiatives. We will have the opportunity to accelerate the expansion of LVS products and solutions into key international markets, and to leverage the substantial synergies between LVS and Microscan sales, technology, and operations.’
Microscan is a subsidiary of Spectris, a company based in the UK. The Industrial Controls division of Spectris, which Microscan falls under, generated sales of £220.6 million in 2014 and an operating profit of £44.6 million.