Business
Acquisition of SIGA Vision Ltd
Acquisition of SIGA Vision Ltd.
About this update from Mpac Group Plc
[{"type":"text","content":"\n\n15 August 2024\n \n \nMpac Group plc\n(''Mpac'' or the \"Group\")\n \nAcquisition of SIGA Vision Ltd\n \n \nMpac Group plc, a global leader in high-speed packaging and automation solutions, is pleased to announce that it has acquired the trade and certain assets of SIGA Vision Ltd (\"SIGA\"), a UK-based provider of machine vision solutions to the food, beverage and healthcare markets (the \"Acquisition\").\n \nSIGA, founded in 2007, is a leading designer of automated visual inspection systems, providing customers with solutions for production line control and material handling, defect detection and quality control. Using robotic guidance cameras and highly sophisticated image processors, SIGA designs solutions to reduce or prevent human error, reduce waste, streamline processes and cut costs. \n \nMpac and SIGA have a long history of working together to provide vision solutions on Mpac's packaging machines as well as providing aftermarket support to our customers. The Acquisition provides a platform from which Mpac can provide fully integrated support to its existing and future customers with vision-related solutions, a key component in full line packaging automation.\n \nThe Acquisition size is immaterial in the context of the Group and is significantly below the thresholds for a substantial transaction for the purposes of the AIM Rules for Companies.\n \nAdam Holland, Chief Executive, commented:\n\"I am delighted that we have been able to acquire SIGA, a leader in its field that has been a partner to Mpac for many years. The solutions provided by SIGA are critical to our customers' operations and we look forward to welcoming SIGA into Mpac Group as we further develop our business, global customer support and technology offering.\"\n \nFor further information, please contact:\n\n\n\n\nMpac Group plc\nAdam Holland, Chief Executive\nWill Wilkins, Group Finance Director\n\n\nTel: +44(0)24 7642 1100\n\n\n\n\nShore Capital (Nominated Adviser & Broker)\nAdvisory\nPatrick Castle/Sophie Collins\nBroking\nHenry Willcocks\n \n \n\n\nTel: +44(0)20 7408 4050\n \n\n\n\n\nPanmure Liberum (Joint Broker)\nEdward Mansfield\nWill King\nAnake Singh\n \nHudson Sandler\nNick Lyon\nNick Moore\n\n\nTel: +44 (0) 20 3100 2000\n \n \n \n&nbs...