Business
Acquisition of CONTEMPLAS GmbH
Acquisition of CONTEMPLAS GmbH.
About this update from Oxford Metrics Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3042K\n Oxford Metrics PLC\n 01 September 2021\n \n \n \n \n 1st September 2021\n \n \n \n Oxford Metrics plc\n \n \n \n \n \n \n (\"Oxford Metrics\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Acquisition of CONTEMPLAS GmbH (\"CONTEMPLAS\")\n \n \n \n \n \n - CONTEMPLAS adds yet another way to measure motion via video-based movement analysis -\n \n \n \n \n \n - Brings niche market strengths to Vicon with new product offering, new customers, and a new addressable market in swimming -\n \n \n \n \n \n - Acquisition is consistent with strategic promise of 'amplifying the core' via M&A -\n \n \n \n \n \n \n Oxford Metrics plc (LSE: OMG),\n \n the international software company servicing infrastructure, life sciences, entertainment and engineering markets, \n today announces that it has acquired CONTEMPLAS GmbH, specialists in video-based movement analysis, for an initial and deferred consideration of £1.14m (€1.32m), funded from existing cash resources.\n \n \n Commenting on the acquisition, Nick Bolton, CEO of Oxford Metrics, said:\n \n \n \"Having firmly outlined our M&A intentions, I am delighted to welcome CONTEMPLAS to the Oxford Metrics family. Our strategy for Vicon is to strengthen and grow a profitable market leader; with the need for quick, reliable video analysis greater than ever, this acquisition is a good strategic fit, supporting our 'amplify the core' strategy, providing an opportunity to further diversify our leadership position in motion measurement and grow a recurring revenue stream inside our Vicon business.\n \n \n \n As motion measurement continues to enter the everyday, we continue to see a broader range of applications emerging. Today with CONTEMPLAS - already well-respected leaders in their field of video-based motion measurement - we're adding another new way to accurately measure motion, broadening our growing range of applications across even more use cases, such as a swimming race or sprint start, amplifying our existing capabilities, consolidating our leading market position as well as expanding our addressable market.\"\n \n \n Acquisition Highlights\n \n \n This complementary acquisition is a strong strategic fit, consistent with Oxford Metrics' strategic focus to 'amplify the core'. The rationa...