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Client Work

Prosilica sold to Allied Vision Technologies

Fasken
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Overview

Client

Prosilica Inc.

On July 31, 2008, Canadian camera manufacturer Prosilica Inc was sold to German firm Allied Vision Technologies, the established market leader in the area of digital FireWire industrial cameras. As a result, Allied Vision Technologies and Prosilica have created an industry-leading product range of GigE and FireWire products, extending their market-leading position in digital cameras for industrial image processing. Prosilica is one of the most important suppliers in the industrial image processing market. The Vancouver firm develops, produces, and markets high-quality industrial cameras based on digital GigE technology, and is one of the acknowledged market leaders in this segment. Through Prosilica, Allied Vision Technologies, a wholly owned subsidiary of the technology enterprise AUGUSTA Technologie AG, gains immediate access to the important Gigabit Ethernet industrial camera market to expand its customer base in the most important world markets. Prosilica was advised in this transaction by Iain Mant and Dierk Ullrich (corporate) and Frank Schober (tax) of Fasken Martineau.

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