Sensors and Systems
Breaking News
NextNav Raises $120 Million in Latest Round of Funding to Launch Phased 3D Geolocation Services Across U.S.
Rating12345Sunnyvale, CA – NextNav, LLC, the leader in 3D...
Real-time Project Mapping Now Made Possible By Pune’s Power Couple
Rating12345Indian origin power couple Yogesh Khandelwal & Leena Madan...
Esri Announces StoryMapper of the Year Contest Winners
Rating12345REDLANDS, Calif.—Esri, the global leader in location intelligence, today...

December 22nd, 2007
Océ to sell Océ Document Technologies GmbH to Captaris

  • Rating12345

PR – Oce; N.V. and Captaris, Inc. have reached agreement
on the sale and purchase of Océ Document Technologies GmbH ) based
in Konstanz (Germany). The closing of the transaction is expected to take
place in January 2008 and is subject to certain closing
conditions.

ODT is a provider of software and solutions for document capture, text
recognition and document classification and has about 180 employees in
Germany, US, Belgium and Switzerland.

“We have decided to sell ODT
as we consider its activities too far removed from our core business. As
part of a specialized company like Captaris, ODT can fully develop its
expertise in intelligent document recognition technologies” said Rokus van
Iperen, CEO of Océ N.V.

ODT achieved revenues of approximately €
22.7 million in 2007. The purchase price equals one time 2007 annual
revenues.

The envisaged transaction will not have any material
effect on Océ’s N.V. 2009 results and onwards. In the first quarter of
2008 the transaction will have a positive impact on operating results and
on the free cash flow.

Leave a Reply

Your email address will not be published. Required fields are marked *