|Mon, 12 Feb 2018
|Swiss firm Uster to buy Israel's Elbit Vision Systems
Elbit Vision Systems Ltd , an Israel-based provider of machine vision inspection technology for textile fabrics, said on Monday it will be acquired by Swiss firm Uster Technologies AG for $3.40 a share. Uster will pay a 16.8 percent premium to EVS's closing price on Feb. 9, which corresponds to an enterprise value of $32 million. The acquisition has been approved by the boards of both companies and is subject to approval by the general meeting of EVS shareholders, which is expected to be obtained in March.