Key Technology Inc. and Visys NV, a provider of chute-fed in-air sorters used by food processors and waste recyclers, have entered into a merger agreement.
Key Technology Inc. and Visys NV, a provider of chute-fed in-air sorters used by food processors and waste recyclers, have entered into a merger agreement. The combination of Key Technology and Visys creates a source of high-performance, digital sorting technologies available for food processing and other industrial markets.
Visys will continue to operate in Hasselt, Belgium, as a wholly-owned subsidiary of Key Technology. Frank Zwerts will assume the position of President of EMEIA for Key Technology and will play a prominent role in Key’s global strategy and corporate development.
“This partnership with Visys creates a value proposition that is unmatched in the industry. Through a single supplier, customers will have access to the highest performing chute-fed and belt-fed sorters available, along with our industry-leading processing systems and unparalleled support to satisfy needs in all steps of the processing line,” said Jack Ehren, President and CEO of Key Technology. “Given this unprecedented mix of product solutions and services, we’re well positioned to improve customers’ operational efficiencies and maximize their competitive advantages. Furthermore, by consolidating our intellectual property and innovations, we expect to accelerate the development of next-generation sorting technology.”
Press release (pdf)