Basler AG, DE0005102008

Basler AG, DE0005102008

17.12.2021 - 07:10:26

Basler AG: Basler Acquires Two Korean Distributors at the Same Time: DATVISION and IOVIS

DGAP-News: Basler AG

/ Key word(s): Takeover

Basler AG: Basler Acquires Two Korean Distributors at the Same Time: DATVISION and IOVIS

17.12.2021 / 07:07

The issuer is solely responsible for the content of this announcement.

Corporate News

Basler Acquires Two Korean Distributors at the Same Time: DATVISION and IOVIS

Computer vision expert Basler acquires its two long-standing Korean trading partners DATVISION and IOVIS and thus expands its direct business in Asia. The acquisitions are an important step in the company's growth strategy.

Ahrensburg, 17 December, 2021 - Basler AG, a leading manufacturer in the computer vision sector, announces the acquisition of its long-standing sales partners DATVISION and IOVIS in Korea. The differently structured acquisitions are each expected to be completed on January 7, 2022. With these transactions, Basler continues to consistently expand its direct business in Asia, having already acquired the distributor MVLZ in China three years ago. In addition, the company is taking a further step in its expansion strategy of its product portfolio towards becoming a full-range supplier.

Alexander Temme, Chief Commercial Officer (CCO) of Basler AG, explains: "Basler has been consistently expanding its product and service portfolio for several years now and has meanwhile transformed itself from a camera manufacturer to a full-range provider. The acquisitions of DATVISION and IOVIS as well as their planned merger in the near future underline this strategy. We are very pleased that Korean customers will be able to buy our powerful and cost-attractive computer vision portfolio directly from a global manufacturer with a very strong regional presence and expertise in the future."

DATVISION most recently employed about 10 people in Korea. The company sells machine vision components and solutions for various industries, primarily in the semiconductor and electronics markets. IOVIS, based in Seoul, has over 40 employees and successfully markets a very extensive portfolio of vision components from various manufacturers.

A timely merger of both companies with the existing Basler Korea team will create a subsidiary of over 50 employees with very high competence in marketing, sales and technical support of computer vision components for OEM customers. Contact: Basler AG Verena Fehling Tel. +49 4102 463 101 Email: Verena.fehling@baslerweb.com

17.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.de

Language: English Company: Basler AG An der Strusbek 60-62 22926 Ahrensburg

Germany Phone: 04102-463 0 Fax: 04102-463 109 E-mail: ir@baslerweb.com Internet: www.baslerweb.com ISIN: DE0005102008 WKN: 510200 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1259154 ? End of News DGAP News Service

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