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Union Park Capital Acquires iiM GmbH

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BOSTON, Oct. 7, 2024 — Via its holding company Exaktera, private equity investment firm Union Park Capital has acquired iiM GmbH, a manufacturer of LEDs for machine vision applications. Terms of the deal were not announced. (From left) iiM managing directors Heiko Freund and Peter Anacker, Exaktera CEO Cindy Ye, iiM managing director Axel Müller, and Exaktera European president Thomas Buschmann. Courtesy of iiM GmbH. Three companies — ProPhotonix, Advanced Illumination, and Z-Laser, already operate under the Exaktera umbrella. The holding company, founded in 2021, is dedicated to machine vision,...Read full article

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    Published: October 2024
    Glossary
    machine vision
    Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
    BusinessacquisitionsLEDsmachine visionphotonic componentsindustrialmaterials processingiiM GmbHUnion Park CapitalExaktera

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