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Microtec acquires scanner manufacturer Lucidyne

14.05.2020 − 

Italian Microtec has taken over US scanner manufacturer Lucidyne Technolgies. The patents held by Lucidyne are also part of the takeover arrangement. Confidentiality has been agreed concerning the purchase price. Prior to the takeover, initial negotiations were conducted in October 2019. They acquired more concrete form in early 2020. According to a Microtec statement published on 29 April, the product areas of Lucidyne and Microtec are to be consolidated. Lucidyne products, however, will continue to be available under the product series names introduced to the market. From a Microtec perspective, the incentive for the takeover is less about expanding the product portfolio than intensifying access to the North American market. Corvallis remains the company domicile even after the takeover. George Carman, who founded Lucidyne in 1985, is to leave the company. CFO Ellen Nelson, COO Markus Hiatt and CTO Patrick Freeman will remain. The board of directors is to be expanded to include Microtec managing directors Federico Giudiceandrea and Frank Jöst.

The Lucidyne product portfolio includes GradeScan and ChopScan type lumber scanners for strength and quality grading as well as additional tools in the field of scanner technology. In 2019 the company generated turnover of US$20m with 73 employees. As of the end of 2019 the total Mircrotec workforce consisted of 182 persons. For the current 2019/2020 financial year, turnover of €45m is expected.

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