GHENT, Belgium—Esko, a global provider of integrated software and hardware solutions that accelerate the go-to-market process of packaged goods, announced the sale of its Advanced Vision Technology (AVT) print inspection business to Porat Itay Holdings, Ltd., (Porat Itay), late last year.
The deal is anticipated to close in the early months of 2025.The divestiture includes assets, employees, contractual agreements and intellectual property specific to AVT. Under its new ownership, AVT will maintain its brand name, identity, and product portfolio.
Porat Itay is a private company based in Israel, founded by Roy Porat and Yaron Itay. Porat had previously held the role of president, AVT from 2020 until 2022, and Itay has successfully built and led several industrial technology companies in Israel.
“Selling the print inspection business, enables AVT to operate with the strategic focus necessary to drive its growth and innovation,” said Joel Depernet, president, Esko. “With our commitment to drive value accretive growth within our culture at Esko, it became apparent that our strategic ambitions in packaging management, prepress workflow and flexo plate making solutions hindered ambitions of the AVT print inspection business. Under new leadership, I am sure AVT has exciting times ahead. We wish the team the very best for the future.”
“We are very excited about this opportunity, as it is the beginning of a new era for AVT. Given my familiarity with the AVT business, I am confident that with the support of the associates globally, we will demonstrate the right strategic focus and commitment to investment to grow the business and serve our customers,” said Porat.