REG - Mpac Group PLC - Acquisition of SIGA Vision Ltd

MPACAnnouncement

15/08/2024 07:00

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RNS Number : 5107A  Mpac Group PLC  15 August 2024

15 August 2024

 

 

Mpac Group plc

(''Mpac'' or the "Group")

 

Acquisition of SIGA Vision Ltd

 

 

Mpac Group plc, a global leader in high-speed packaging and automation
solutions, is pleased to announce that it has acquired the trade and certain
assets of SIGA Vision Ltd ("SIGA"), a UK-based provider of machine vision
solutions to the food, beverage and healthcare markets (the "Acquisition").

 

SIGA, founded in 2007, is a leading designer of automated visual inspection
systems, providing customers with solutions for production line control and
material handling, defect detection and quality control. Using robotic
guidance cameras and highly sophisticated image processors, SIGA designs
solutions to reduce or prevent human error, reduce waste, streamline processes
and cut costs.

 

Mpac and SIGA have a long history of working together to provide vision
solutions on Mpac's packaging machines as well as providing aftermarket
support to our customers.  The Acquisition provides a platform from which
Mpac can provide fully integrated support to its existing and future customers
with vision-related solutions, a key component in full line packaging
automation.

 

The Acquisition size is immaterial in the context of the Group and is
significantly below the thresholds for a substantial transaction for the
purposes of the AIM Rules for Companies.

 

Adam Holland, Chief Executive, commented:

"I am delighted that we have been able to acquire SIGA, a leader in its field
that has been a partner to Mpac for many years. The solutions provided by SIGA
are critical to our customers' operations and we look forward to welcoming
SIGA into Mpac Group as we further develop our business, global customer
support and technology offering."

 

For further information, please contact:

 Mpac Group plc                                  Tel: +44(0)24 7642 1100

 Adam Holland, Chief Executive

 Will Wilkins, Group Finance Director
 Shore Capital (Nominated Adviser & Broker)      Tel: +44(0)20 7408 4050

 Advisory

 Patrick Castle/Sophie Collins

 Broking

 Henry Willcocks

 Panmure Liberum (Joint Broker)                  Tel: +44 (0) 20 3100 2000

 Edward Mansfield

 Will King

 Anake Singh

 Hudson Sandler                                  Tel: +44 (0) 20 7796 4133

 Nick Lyon

 Nick Moore

 

 

About Mpac Group plc

 

Mpac designs, builds and supports the machines that assemble and package the
products that millions of people around the world depend on. Headquartered in
the UK and have strategically located manufacturing and service locations to
provide customers with local support and a global reach. Mpac is listed on
AIM, a market of the London Stock Exchange, under the trading symbol 'MPAC'.

 

Read more about Mpac Group here: https://mpac-group.com/
(https://mpac-group.com/)

About SIGA Vision Ltd

 

SIGA Vision is a leading designer of automated visual inspection solutions for
production line problems, material handling, defect detection and quality
control. The company operates throughout the UK, Europe and US, and has become
the global leader in machine vision processors, installation, training and
problem solving, designing solutions for other suppliers and manufacturers
around the world.

 

Read more about SIGA Vision Ltd here: https://sigavision.com/
(https://sigavision.com/)

 

 

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