Canada's tech community celebrates acquisitions like they're badges of honour. The bigger, the better, the more press around the exit.
Unfortunately as a result some smaller acquisitions don't get the attention they deserve although they are just as important to Canada's fragile tech ecosystem and ego.
Today North Vancouver's ClearVision Technologies announced that they have been acquired by Cincinnati-headquartered Valco Melton. Valco Melton is a world leading designer and international marketer of adhesive application equipment and quality assurance (QA) systems is pleased to
ClearVision Technologies has become the market leader in the development and engineering of vision-based inspection products for corrugated box manufacturing. Since 2004, ClearVision Technologies has extensively pioneered intelligent camera technologies for packaging markets and has developed a top-tier suite of solutions that have been leading the industry in bringing QA capabilities to new heights.
ClearVision will now become the brand name for quality assurance solutions by Valco Melton.
Details on the transaction have not been released but it is rumoured to be in the high seven figures.