Gerber Scientific Acquires Data Technology, Inc.
"Development of innovative technologies for the industries we serve."
Gerber Scientific has completed the acquisition of Data Technology, Inc., the Wilmington, MA-based manufacturer of automated cutting hardware for the design, die making, and short-run production segments of the packaging and graphics industries.
'The acquisition of Data Technology further supports our pursuit to provide our customers with the greatest range of applications solutions,' says Marc T. Giles, president and CEO of Gerber Scientific. 'The product offering from Data Technology provides numerous opportunities for corporate growth through existing product solutions and the development of innovative technologies for all the industries we serve.'
Founded 45 years ago, Data Technology manufactures plotting and samplemaking systems, laser cutting systems, routing systems, and other equipment. It its last fiscal year, the company recorded annual revenues of slightly less than $10 million; Gerber Scientific paid $6.2 million to acquire Data Technology in a cash transaction.
Headquartered in South Windsor, CT, Gerber Scientific Inc. operates through four businesses: Gerber Scientific Products and Spandex Ltd., Gerber Technology, and Gerber Coburn.