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Eagle Vision Systems BV is Acquired

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Boston MA, July 31, 2017 – Industrial Physics, Inc., a Boston-based test and measurement equipment manufacturer, today announced the purchase of Eagle Vision Systems BV. Eagle Vision is a leader in machine vision technology for the food, beverage and metal packaging industry. Eagle Vision is headquartered in the Netherlands.

Eagle Vision’s solutions enable customers to check the quality of cans, can seams, bottles and confectionary molds before filling to verify fill accuracy, to validate labeling accuracy and to assure package integrity. Eagle Vision counts among its customers leading manufacturers of metal cans, baby food, beer, and confectionary products.

Eagle Vision joins Testing Machines Inc., CMC-KUHNKE, Messmer Büchel, Systech Illinois, TM Electronics, Ray-Ran Test Equipment, and United Testing Systems as an independent Industrial Physics operating company. Industrial Physics’ brands address critical test and measurement needs of customers in the food and beverage, metal packaging, flexible packaging, paper and plastics, medical device and consumer electronics markets. Industrial Physics companies are helping customers meet the ever-increasing test and quality standards required by demanding regulators, consumers and manufacturers. Industrial Physics is a portfolio company of Union Park Capital, a private-equity firm that specializes in industrial technology investments.

“The Eagle Vision products and team are a great addition to Industrial Physics,” said Jim Neville, CEO of Industrial Physics. “Eagle Vision strengthens the portfolio of products we offer to can manufacturers and food and beverage packagers by providing highly sensitive and accurate inline testing solutions. With Eagle Vision, we can now offer customers lab-to-line solutions to ensure rigorous quality standards are achieved,” said Mr. Neville

“The Eagle Vision team is very excited to join the Industrial Physics family,” says Arend van de Stadt, President of Eagle Vision Systems. “Industrial Physics, through its many brands, has built an extensive global network with cross selling capabilities and strong customer relationships. Becoming part of this larger, global network allows us to more effectively reach customers around the world. With our best-in-class products, we can now further expand our global market share in the growing machine vision market space.”

Mr. van de Stadt will continue to lead Eagle Vision. “I am delighted to have Arend join the Industrial Physics team. He is a well-known and respected industry veteran and is a skilled operator with a track record of innovation,” said Mr. Neville.

About Eagle Vision Systems BV
For over 20 years, Eagle Vision has delivered high-precision computer vision systems to global companies seeking to deliver the highest quality to their customers. With its Basic Scout product line, Eagle Vision delivers highly-sensitive in-line inspection systems to the food, beverage and packaging industries. Eagle Vision is the market leader of inspection systems for the baby food supply chain and confectionary markets. For more information, visit https://www.eaglevision.nl

About Industrial Physics
The companies of Industrial Physics, LLC manufacture and market materials testing instruments worldwide for measuring physical and analytical properties of plastics, barrier films, paper, pulp, foil, ink, coatings, corrugated materials, cans and medical devices. Its market-leading brands include Testing Machines, Inc.Messmer Büchel/Büchel BVCMC-KUHNKEFIBRO System ABRay-Ran Test Equipment, and TM Electronics. For more information, visit www.industrial-physics.com.

About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market Industrial Technology companies. Union Park takes a long term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA and has extensive investments and expertise in the scientific instrumentation sector. For more information, visit www.union-park.com.

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