Basler and i2S Announce Joint Venture in Distribution Business
Basler AG, a leading manufacturer in the computer vision sector, has made a participation offer to its long-time French distribution partner i2S for the distribution business with image processing components. Both companies have discussed for Basler to purchase a 25.1 percent stake in the i2S distribution business. The joint venture would operate under the name Basler France. The proposed transaction should take effect on July 1, 2022, subject to the information and consultation of the i2S Social and Economic Committee (CSE).
It is intended that Basler will acquire the remaining 74.9 percent stake on July 1, 2024.
Xavier Datin, CEO of i2S, will accompany the handover phase as President of Basler France.
Christian Stoffers, Head of Sales Europe at Basler AG, and Xavier Datin explain: "Both companies have been working together very successfully for many years. We are both pleased to be able to strengthen and deepen our partnership with this investment. The French market is an important step in Basler's growth strategy and in the expansion of its direct business."
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