DVT Corp. announced it has entered into an agreement to acquire MTI Machine Vision LLC, a Providence company known for its semiconductor wafer reading algorithms. Duluth, Ga.-based DVT will acquire the rights to MTI’s machine vision software products and intellectual property, as well as other related assets.
Commenting on the acquisition, MTI founders Stuart Geman and Donald McClure said MTI’s machine vision customers can expect a seamless transition after the acquisition is completed.
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In a release, Geman said the Providence facility will house a technology group dedicated to the development of advanced algorithms and software product development. DVT expects the first products to benefit from the venture to include semiconductor wafer reading OCR; Barcode and 2D identification algorithms; and alignment and defect detection software.
DVT is a provider of general purpose machine vision systems and offers a range of smart camera products.
