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2007-6-5
Connecticut, USA –Gerber Scientific, Inc. (NYSE: GRB), the parent company of Gerber Technology, has successfully completed the acquisition of Data Technology, Inc. Data Technology, based in Wilmington, MA, is a leading manufacturer of multi-functional, precision cutting systems for the packaging, graphics, and other rigid and flexible materials applications.
In its last fiscal year Data Technology recorded annual revenues of slightly under $10 million. This week, integration of the two companies’ operations, networks and customer facing organizations has started in order to ensure a smooth transition and immediate value for customers, partners and investors.
John Hancock, president of Gerber Technology, stated, "Our global distribution and service network, and the breadth of our market presence, are an ideal platform to expand Data Technology's business reach. We continue to seek strategic acquisition opportunities to expand our product offering and augment the organic growth-rate of our business."
Sam Simpson, Gerber Technology's vice president of Global Sales, added, "Data Technology’s precision cutting systems give us new tools that strengthen our ability to supply specialized, innovative solutions to our customers in fast-growing market segments like Technical Textiles and Composites."
David H. Buckley, president and CEO of Data Technology, stated, “We are excited about the acquisition by Gerber, as its global multi-market distribution channels and commercial brand development expertise are a perfect compliment to the broad suite of advanced cutting technologies currently offered by Data Technology.”
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