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ISRA VISION AG: Expected Acquisition - Growth potential in the fast-growing market for solar energy improved

ISRA expands the solar business with acquisition with focus on the production of wafer-based solar cells and modules

(PresseBox) (Darmstadt, ) ISRA VISION AG (ISIN: DE 0005488100), one of the global top providers for industrial image processing (machine vision), worldmarket leader for surface inspection systems and one of the leading providers for 3-D machine vision solutions, completed the expected acquisition and acquired Graphikon, Gesellschaft für Bildverarbeitung und Computergraphik mbH, Berlin. The range of products from Graphikon represents a perfect supplement to the product offering ISRA for the solar industry. Graphikon is a wellknown provider, particularly in the area of inspection of waferbased solar cells as well as in the inspection of glass tubes. The range of customers includes companies such as Aleo, Q-Cells, Würth Solar, Solarwatt, Schott, Evergreen, Epcos or Solarworld.

With the acquisition of Graphikon, ISRA intends to increase the market penetration in the fastgrowing market for renewable energy. The close sales and service network of ISRA - with more than 20 subsidiaries worldwide - now also forms the platform for international sales and distribution of the solutions from Graphikon. The strategic focus of the regional expansion lies in Asia, North America and South Europe. On top of that, Graphikon also supplements the product range of ISRA in the glass sector with interesting applications in the field of glass tubes.

Graphikon GmbH was founded in 1990 by the renowned scientist, Prof. Dr. Jürgen Saedler. A motivated team of experienced specialists from the fields of optics, sensor technology and software development develops and manufactures complete inline and offline inspection systems. Graphikon offers a modular system for inspection tasks. The new Berlin location offers for the ISRA Group not only attractive future prospects through its proximity to research institutions and political decisionmakers, but traditionally is also an important gate to the markets in Eastern Europe.

Graphikon plans to achieve a total output of more than 3.5 million Euros for 2010. The acquisition price in the amount of approx. 75 percent of the current revenues also includes an earnout and share component. Due to notable investments in product developments the company generates a marginal positive result. There is a significant potential for an increase in revenues and profits together with ISRA. For the integration a period of few months is planed. An appreciable contribution from Graphikon to the consolidated revenues and earnings of the ISRA Group is expected in the new fiscal year 2010/2011.

For the fiscal year 2009/2010, which ends in September 2010, ISRA assumes that the forecasts will be met. Based on the order entries of the past few weeks, ISRA expects a moderate revenue growth to more than 60 million Euros, combined with a minor improvement in margins compared to the last fiscal year 2008/2009.


Machine Vision - the technology of optical systems that imitate the human eye - is one of today's key technologies. In this global growth market, currently worth approx. 6.5 billion euro, ISRA VISION is one of the leading global players. ISRA focuses on BRAINWARE. The core competence that is BRAINWARE encompasses scientific expertise from the fields of optics, lighting technology, measuring technology, physics, image processing and classification algorithms, and complex system design combined with innovative software. For its current product portfolio, ISRA estimates a market potential of more than two billion euro, and this is on the assumption that only 25 per cent of the potential applications of Machine Vision Systems have been tapped. ISRA's present applications focus primarily on automating production and quality assurance in a wide range of production lines. The objectives of all ISRA solutions are short payback periods and high ROIs for customers. The additional software modules for yield maximisation offer the customer even further significant economic benefits. Today, ISRA is a global market leader for surface inspection systems for different types of continuous materials, and one of the leading companies in the field of 3D Machine Vision, and "3D robot vision" in particular. ISRA currently provides applicationoptimised solutions for customers - mainly the global market leaders in their respective industries - in the fields of metal, glass (including display and solar glass), paper (including bank notes), printing, plastic foils and non wovens, as well as automotive and general industries. ISRA systems automate manufacturing processes for goods and products supplied to large growth markets such as energy, healthcare, food, transportation and information. With more than 20 locations in Asia, Europe, the Middle East and North and South America, ISRA is close to its customers, which ensures optimum service and support.

In the past twelve years, ISRA has seen profitable growth, with its revenues increasing on average 30 per cent per annum. Its profit increased by around 35 per cent per annum. Even during the financial crisis, ISRA has developed significantly more favourably than the industry average. This is because, with the two divisions Surface Vision and Industrial Automation, ISRA serves customers in various sectors in the different regions of the world seeing strong growth. This reduces dependence on region and industryrelated cyclical variations.

After almost 60 million euro revenues in the last financial year (2008/2009), the shortterm goal is to exceed the 100 million euro mark in just a few years, by means of organic growth and acquisitions. Among others, this will involve tackling new markets.

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