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Ronin acquires nearly 25 percent stake in AVT

February 20, 2008

Ronin Investments Managing Company has acquired close to 25 percent of AVT (Advanced Vision Technology) shares.

Ronin Investments Managing Company has acquired close to 25 percent of AVT (Advanced Vision Technology) shares. Ronin, managed by Nurit Nahum, acquired the shares at the Frankfurt Stock Exchange where AVT is listed with a market value of approximately US$ 80 million. AVT is a developer of inspection systems for the printing industry. Ronin is a private investment company based in Tel Aviv, Israel.

AVT, based in Hod Hasharon, Israel, ended 2007 with an increase of 40 percent of revenues to US$39.9 million, compared with revenues of US$28.5 million in 2006. Part of the sharp increase in revenues stems from the first consolidation in the fourth quarter of 2007 of the financial results of GMI (Graphic Microsystems Inc.), acquired in October 2007 for US$33.5 million. AVT credits its growth in revenues to good market conditions in 2007 that led to an increase in its packaging and label printing business. AVT’s net income registered in 2007, without the consolidation of GMI's results, increased by 23 percent to US$6.66 million.

For label printers, AVT markets the PrintVision/Helios, an automatic system for quality assurance, inspecting the whole printing process. The system can be integrated on to the printing press for print process control, or on a rewinder for quality control at the end of the label converting process.
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