Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 AVT reports 40 percent revenue increase in 2007 - Label and Narrow Web

What are you searching for?

Sign in
Breaking News

AVT reports 40 percent revenue increase in 2007

Advanced Vision Technology completed 2007 with a 40 percent increase in revenues.

Author Image

By: Greg Hrinya

Editor, Label & Narrow Web

Advanced Vision Technology Ltd. (AVT, Prime Standard of the Frankfurt Stock Exchange, ISIS: IL001837248), a manufacturer of automatic optical inspection, quality assurance and closed loop color control systems for the printing industry, completed 2007 with a 40 percent increase in revenues to US$39.9 million, compared with US$28.5 million in 2006. AVT is based in Hod-Hasharon, Israel.

The increase in revenues is partially attributed to the consolidation of Graphic Microsystem’s (GMI) results in Q4 of 2007. GMI was acquired in October 2007 for $33.5 million and contributed $7.5 million to AVT’s Q4 revenues. AVT’s revenues for the year (excluding GMI) were up 13.7 percent over 2006 to $32.4 million.

The acquisition of GMI was closed on October 1. GMI is a supplier of closed loop color control systems, color management reporting software and remote digital ink fountain controls.

“The continued growth and success of AVT in 2007 is a reflection of our sustained market focus, extensive R&D, business development activities and acquisitions,” says Shlomo Amir, president and CEO. “We can take encouragement from the complementary technological and marketing strengths delivered by the acquisition of GMI last year. We intend to make every effort to build on technological synergies and to grasp the opportunity to enter new market segments.”

Add us as a preferred source on Google

Get the latest Label and Narrow Web news, insights and analysis in your Google Search and AI experiences.

Add Label and Narrow Web as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Label and Narrow Web Newsletters